May 13, 2022 |
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
President Nicolás Maduro says the government plans to float up to 10% of several state-owned firms on the local stock market