Filtraglass
Falorni Tech Glass Melting Technology

Panevezhio Stiklas: Lithuanian privatization

12 November 1998: Lithuania“s state property fund, which oversees the privatization process, said 2.235 billion litas had been raised through privatization in the first 10 months of the year.
The fu…

12 November 1998: Lithuania“s state property fund, which oversees the privatization process, said 2.235 billion litas had been raised through privatization in the first 10 months of the year. The fund said in a statement that state-owned stakes in 248 companies were sold over the period. The bulk of the total proceeds, 2.04 billion litas, were raised from the sale of a 60% stake in Lithuanian Telecom to a holding company of Finnish Sonera and Swedish Telia. The statement added that the largest privatization deal concluded in October was the sale of a 99.13% stake of glassmaker Panevezhio Stiklas to Polish Warta (see GlassOnline report of 5 November 1998). According to the deal, the Polish glassmaker should pay 1 million litas for the state-owned stake and add another 24 million litas in investments over the next five years.

Sign up for free to the glassOnline.com daily newsletter

Subscribe now to our daily newsletter for full coverage of everything you need to know about the world glass industry!

We don't send spam! Read our Privacy Policy for more information.

Share this article
Related news