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The frantic pace of privatisation activity in Australia for the most part of the 1990s is finally starting to slow down, While some states such as Western Australia and South [...]

China Unicom's US$4,92bn IPO in June was a welcome boost for the flagging Chinese privatisation programme, The deal is the largest privatisation offering from the mainland, indeed Asia, excluding Japan, [...]

Indonesia raised US$114.9m last month when it listed Bank Central Asia, The sale was the first public offer by the Indonesian Bank Restructuring Agency (Ibra), as well as the first [...]

Mobile telephony operator China Unicom looks Set to hit the market in June with an IPO of up to US$4bn. The Chinese authorities are hoping the offering will revive investor [...]

PetroChina, the listing vehicle of oil giant China National Petroleum Corp, completed its IPO late in March, raising a total of US$2,89bn (of a possible US$2,8bn-$3,5bn), The muted results reflect [...]

PetroChina, China's second privatisation offering in 2000, officially launched its global offering on March 3. The Chinese government has scaled down the deal size to between US$2.8bn and US$3.5bn (from [...]

South Australia's electricity privatisation programme moves into its next phase with the sale of its generation assets, following the completion of the privatisation of ETSA Power and ETSA Utilities at [...]

China Telecom (Hong Kong) is China's most successful overseas listing to date, The company has raised a total of US$6bn in two forays into the international markets, Investors continue to [...]

China has launched the public offer of Beijing Capital International Airport (BCIA), which may raise up to HK$3.61bn (US$466m), making it the largest public offer of an airport in Asia, [...]

The Hong Kong government is preparing to float shares in railway operator Mass Transit Railway Corporation, in what is being touted as one of the largest privatisations in the country. [...]

With 1999 proving to be a record-breaking year for many countries in their undertaking of privatisation programmes, the global challenge over the next 12 months is for the competitive pace [...]

Hong Kong Electric (HKE) and Cheung Kong Infrastructure (CKI) have clinched South Australia's ETSA Utilities and ETSA Power for A$3.5bn (US$2.2bn) beating competition from Edison Mission Energy and UtiliCorp. The [...]

Japan successfully sold US$15bn worth of Nippon Telegraph and Telephone shares in November. The global co-ordinators reported that demand for the stock was very strong in all tranches, driven by [...]

The Australian government raised more than A$16bn from the secondary offering of telecommunications company Telstra, buoyed by a very strong retail response. The government closed the 16.6% offering on October [...]

Korea has taken the initial steps in the privatization of Korea Electric Power Corp (Kepco) with a preliminary plan to split the generation assets into six generations companies. By Sharon [...]

Victoria's government has raised A$5.3bn through sale of its gas transmission/retail companies, and it has also sold V-line Freight to a group headed by RailAmerica. Yet to be sold are the public transportation assets and Transmission Pipelines Australia. Utiliti Corp/AMP bought Ikon Energy/Multinet for A$1.67bn and Boral/Envestra purchased Energy 21/Stratus for A$1.97bn. The sale prices represented a price/earnings multiple of 16.2., The government of Victoria has raised A$5.3bn (US$3.4bn) with the completion of the sale of its gas transmission/retail companies. It has also sold off V-line Freight to a group led [...]

The privatization of Australian sewage and water treatment plants involves several political issues. Most of these plants are owned by local or state governments rather than the federal government. There are also environmental considerations, Aboriginal rights and tax issues to consider. These issues will cause privatization to take a long time., While a few states, including New South Wales, Queensland and Victoria, have awarded short-term management concessions for water treatment and sewerage plants to private investors, the privatisation of the water [...]

Shares in Japanese cellular telephone concern NTT DoCoMo were listed on the Tokyo Stock Exchange on Oct 22, 1998. The opening price was Y4.6 million per share, an 18% premium to the issue price. The initial public offering raised a total of $18.4 billion, and the overall book was subscribed around 2.5 times, generating demand of around $46 billion. Almost all the highest quality investors from around the world participated in the offering, which was the largest initial public offering so far., Shares in Japanese mobile telephone provider NTT DoCoMo enjoyed a euphoric rise in first day trading on October 22, giving relief to traders and investors who had been worried that [...]

Indonesia continues to experience economic instability, but its privatization programme is progressing gradually. The government has stated that it will consider selling a majority stake in PT Indosat if it receives an attractive offer, and more than 10 expressions of interest have been received from international investors wishing to purchase a stake in plantation concern PT Perkebunan Nusantara IV. It is also thought that port concern Pelabuhan Indonesia II will be put up for sale soon., Indonesia's privatisation programme is moving ahead slowly, despite the volatile investment climate in the country, Although the government has just concluded the sale of a 14% stake in state cement [...]

The public sector in Australia still controls large water and sewerage assets, and it is unlikely that states will privatize or sell these assets in the foreseeable future. Water projects that have come to the market so far have generally been build-own-operate-transfer or design-build-operate type concession deals. Privatizing water and sewerage assets is a politically sensitive issue, and there are also problems with finding finance for water projects. State-sponsored infrastructure must also address the challenge of the Federal government's present taxation structure., While a few states, including New South Wales, Queensland and Victoria, have awarded short-term management concessions for water treatment and sewerage plants to private investors, the privatisation of the water [...]

THE INDONESIAN government has announced a new agreement with Mexico's Cemex to buy a 14% stake in Semen Gresik, with an option to purchase 6% more via a public tender [...]