As expected the Cabinet postponed its decision on the form of CT's privatization from Tuesday's Cabinet meeting to next week, November 24. The FinMin is endorsing a quick placement of the 51% state stake in 1 tranche on the stock exchange, while the privatization adviser is proposing a two-phase sale. The MinFin is holding a seminar for ministers on the pros and cons of various sale options on Friday, November 19. As most of the ministries, including the FinMin, favour a capital market transaction we believe that this is the most likely outcome.
Source: Reuters
Tomáš Gatěk, Patria Finance