Britain Launches Utility Selloff: The British government...
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From Times Staff and Wire Reports
Britain Launches Utility Selloff: The British government said it hopes to raise $10.2 billion in the first stage of its electricity industry selloff, its biggest and most complex privatization in the last 10 years. Twenty percent of the 2.16 billion shares being sold will be offered to foreign investors. The shares will sell for $4.73 (240 pence) each, or a total of about $10.2 billion (5.18 billion pounds), the government said.
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