Many governments have concluded joint ventures with private investors that contain preemptive rights contractually restricting the rights to transfer ownership of a company's securities. The privatization of these joint ventures often places governments in an awkward situation. Now wishing to sell some or all of their shares, they find themselves caught between the desire to divest a good price, or at least a politically defensible one, and the need...
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INFORMATION
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1998/12/31
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Point de vue
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18723
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1
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1
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2018/01/03
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Disclosed
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Preemptive rights and privatization
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preemptive right
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