International edition
September 25, 2021

It will be in November, as stipulated

LAE privatization is confirmed despite market pressure

(Spain) .- The Economic VicePresident of Spain, Elena Salgado, said that 30% privatization of Loterías y Apuestas del Estado (LAE) will be held as planned in the first week of November, despite the tensions existing in the markets. He also assured that the income received would reduce debt issues in 2012.

S

algado 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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