>TI Bulgaria moves ahead with bank sales

Article Abstract:

Bulgaria's 5 state-owned banks continue on track towards privatization. American Life Insurance and Consolidated Eurofinance Holdings of Greece are in negotiations to pay US$38 million for a 78.23% stake in Post Bank. Expressbank, Bulbank, Hebrosbank, and Biochim Bank are scheduled for privatization in 1999.

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Societe Generale buys bank stake

Article Abstract:

ROMANIA'S State Ownership Fund (FPS) and Societe Generale of France signed the protocol on Thursday March 18 that finalises the US$200m transaction between the two sides for the purchase of 51% of the increased capital of the Romanian Bank for Development (BRD).

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Brazil sales continue amid cabinet reshuffle

Article Abstract:

This article discusses Brazil's success with its privatization efforts in attempts to help the ailing Real. Examined is the privatization of Banespa in the banking industry.

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