1 / 11

PRI VATIZATION

PRI VATIZATION. Business English 1, 2009/2010 PE 6, Team STARS: Ela Kurić, Tea Lazić, Ana Leko, Maja Levaj, Marija Lončar, Gabrijela Lovrić, Iris Lovrić. PRI VATIZATION. Agenda: privatization in general world’s largest privatizations privatization in Croatia. WHAT IS PRIVATIZATION?.

ranae
Download Presentation

PRI VATIZATION

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. PRIVATIZATION Business English 1, 2009/2010 PE 6, Team STARS: Ela Kurić, Tea Lazić, Ana Leko, Maja Levaj, Marija Lončar, Gabrijela Lovrić, Iris Lovrić

  2. PRIVATIZATION Agenda: privatization in general world’s largest privatizations privatization in Croatia

  3. WHAT IS PRIVATIZATION? • transfering ownership from the public sector to the private sector • a worldwide phenomenon • strong spread of the privatization movement in the last decade of 20th century • different views of privatization: Milton Friedman - arguments pro privatization Maude Barlow Noam Chomsky arguments contra privatization PRIVATIZATION

  4. THE WORLD’S LARGEST PRIVATISATIONS (1) • telecommunications, power and transport • 1980s  worldwide • 1994 - 1997  coal, railways and nuclear energy • 1990s  Eastern Europe • 1990 – 2000  50% in Latin America  25% inEast Asia and the Pacific PRIVATIZATION

  5. THE WORLD’S LARGEST PRIVATISATIONS (2) • Britain • British Telecom • British Gas→ largest public share offerings • British Rail • France • France Telecom • Air France - partially • Japan • Japan Post - the largest privatisation in history PRIVATIZATION

  6. HOW DOES PRIVATIZATION EFFECT A COMPANY’S SHAREHOLDERS? • process: • private group makes an offer for shares • majority accept –sold • obstacles- getting the acceptance • benefit: private group offers a substantial premium compared to the current market value • example: • Toys "R“ Us • paid $26.75 per share • stock's closing price on New York Stock Exchange $12.02 PRIVATIZATION

  7. PRIVATIZATION IN CROATIA • set up in 1991 • controlled by the State Agency for Privatization • today controlled by Croatian Privatization Fund • 2800 enterprises from all sectors entered the process • the largest infrastructural companies (oil, railways, telecom etc.) declared public companies PRIVATIZATION

  8. PRIVATIZATION OF HAJDUK • Kerum, Tommy, Brodomerkur, Studenac, Jolly, Konstruktor - 43 million kunas • in September 2009 • majority owner: the City of Split PRIVATIZATION

  9. PRIVATIZATION OF INA • contract with MOL • 2 phases of privatization: • 1. phase  15% shares on the marketplace  7% shares to workers • 2. phase  7.5% shares to citizens  7.5% shares to workers • Zagreb and London Marketplace • amending the law of privatization PRIVATIZATION

  10. PRIVATIZATION OF CROATIAN BANKS • banks in former Yugoslavia were established by the companies in public sector • the fall of socialism  capital of banks given to the companies • banks privatized indirectly • Privredna banka Zagreb d.d. • Splitska banka • Riječka banka • Zagrebačka banka PRIVATIZATION

  11. SOURCES: • www.investopedia.com • www.wikipedia.com PRIVATIZATION

More Related