Venezuela offers to sell shares in state companies

Venezuela offers to sell shares in state companies

Economy & Policy Equity Capital Markets Venezuela

Venezuela plans to sell shares in a slew of state-owned companies to raise money for investments, possibly signalling an about-turn after years of anti-capitalist policies that caused investors to flee the country. The companies intend to float between 5% and 10% of their shares on the Venezuelan stock exchange, President Nicolás Maduro said in a televised speech on Wednesday. The process will begin on May 16 and will be open to the general public as well as local and even foreign investors, Mad

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