It will be in November, as stipulated
LAE privatization is confirmed despite market pressure
2011-06-29
Reading time 24 seg
Salgado answered on this issue during a recent conference after the Ministers Council, when was asked whether the Government could reconsider the partial privatization, because of the current economic uncertainty and on the consequences of such a decision on Treasury issues.
The Minister of Finance said that the operation will take place "on schedule" and that "steps are being taken" to do so, as the choice of bank advisers.
On the other hand, she clarified that the income received "can not engage in deficit reduction," as set by Eurostat, but she added that at least they will endow higher margin of resources to the Treasury.
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