Preemptive Rights and Privatization
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 g...
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1998/12/441572/preemptive-rights-privatization http://hdl.handle.net/10986/11512 |
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okr-10986-115122021-06-14T11:03:20Z Preemptive Rights and Privatization Frémond, Olivier Nellis, John AFFILIATED ORGANIZATIONS AUCTION AUCTIONS BID BIDDERS BIDDING BOOK VALUE DOCUMENTS MARKET VALUE POLITICAL OBJECTIVES POLITICAL SUPPORT PORTFOLIO PURCHASE PRICE RETAIL SHAREHOLDERS VOTING VOTING RIGHTS PREEMPTIVE RIGHTS PRIVATE COMPANY MIXED OWNERSHIP PRIVATE SECTOR PRIVATIZATION LAW & LEGISLATION STOCKHOLDERS RESTRICTIONS OWNERSHIP JOINT VENTURES STOCKS 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 to comply with the contracts they have signed. What can they do? Depending on the amount of preemptive rights in the privatization portfolio, governments can adopt either a case-by-case approach or a more comprehensive solution. This Note sets out the options. 2012-08-13T15:16:12Z 2012-08-13T15:16:12Z 1998-12 http://documents.worldbank.org/curated/en/1998/12/441572/preemptive-rights-privatization Viewpoint. -- Note no. 163 (December 1998) http://hdl.handle.net/10986/11512 English Viewpoint CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AFFILIATED ORGANIZATIONS AUCTION AUCTIONS BID BIDDERS BIDDING BOOK VALUE DOCUMENTS MARKET VALUE POLITICAL OBJECTIVES POLITICAL SUPPORT PORTFOLIO PURCHASE PRICE RETAIL SHAREHOLDERS VOTING VOTING RIGHTS PREEMPTIVE RIGHTS PRIVATE COMPANY MIXED OWNERSHIP PRIVATE SECTOR PRIVATIZATION LAW & LEGISLATION STOCKHOLDERS RESTRICTIONS OWNERSHIP JOINT VENTURES STOCKS |
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AFFILIATED ORGANIZATIONS AUCTION AUCTIONS BID BIDDERS BIDDING BOOK VALUE DOCUMENTS MARKET VALUE POLITICAL OBJECTIVES POLITICAL SUPPORT PORTFOLIO PURCHASE PRICE RETAIL SHAREHOLDERS VOTING VOTING RIGHTS PREEMPTIVE RIGHTS PRIVATE COMPANY MIXED OWNERSHIP PRIVATE SECTOR PRIVATIZATION LAW & LEGISLATION STOCKHOLDERS RESTRICTIONS OWNERSHIP JOINT VENTURES STOCKS Frémond, Olivier Nellis, John Preemptive Rights and Privatization |
| relation |
Viewpoint |
| description |
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 to comply with the contracts they have
signed. What can they do? Depending on the amount of
preemptive rights in the privatization portfolio,
governments can adopt either a case-by-case approach or a
more comprehensive solution. This Note sets out the options. |
| format |
Publications & Research :: Viewpoint |
| author |
Frémond, Olivier Nellis, John |
| author_facet |
Frémond, Olivier Nellis, John |
| author_sort |
Frémond, Olivier |
| title |
Preemptive Rights and Privatization |
| title_short |
Preemptive Rights and Privatization |
| title_full |
Preemptive Rights and Privatization |
| title_fullStr |
Preemptive Rights and Privatization |
| title_full_unstemmed |
Preemptive Rights and Privatization |
| title_sort |
preemptive rights and privatization |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1998/12/441572/preemptive-rights-privatization http://hdl.handle.net/10986/11512 |
| _version_ |
1764417001212608512 |