Principles of Corporate Finance

Privatization

Amount Issued,

Country Company and Date $ millions

France St. Gobain (1986) $ 2,091.40
France Paribas (1987) $ 2,742.00
Germany Volkswagon (1961) $ 315.00
Jamaica Caribbean Cement (1987) $ 45.60
Jpan Japan Airlines (1987) $ 2,600.00
Mexico Telefonos de Mexico (1990) $ 3,760.00
New Zealand Air New Zealand (1989) $ 99.10
Singapore Neptune Orient Lines (1981-1988) $ 308.50
United Kingdom British Gas (1986) $ 8,012.00
United Kingdom BAA (Airports)(1987) $ 2,028.00
United Kingdom British Steel (1988) $ 4,524.00
United States Conrail (1987) $ 1,650.00

Examples of Privatization