26 May 2010

PB Annual Report 2009


What a year 2009 was for privatization worldwide! One year after witnessing massive injections of government capital into financial systems, 2009 saw a record volume of state sales of corporate equity -- or, stated more accurately, a record volume of corporate repurchases of government-owned shares. Privatization proceeds totaled a record €184.30 billion ($265.17 billion) during 2009, but bank repurchases of government holdings of preferred shares accounted for €118.46 billion ($168.8 billion) of this record -- or almost two-thirds of the total. Besides the bank share repurchases, the global value of "classic" privatization deals during 2009 totaled only €65.84 billion ($96.29 billion), the lowest such tally since 2004. The year 2009 was, far more than is usually the case, a tale of two very dissimilar halves. The value of all privatizations worldwide during 1H2009 totaled about €67 billion ($95 billion) -- including the €48.2 billion ($68.0 billion) U.S. bank repurchases of TARP capital -- while the €117 billion ($171 billion) second half total was nearly twice as large.

Download file
Download file

FEEM Newsletter & Update

Subscribe to stay connected.

Your data will be processed by FEEM - Eni Enrico Mattei Foundation - Data Controller - to receive the Foundation's Newsletter & Update via e-mail. To send the requested information, the Data Controller uses e-mail sending service providers established in the U.S.A .: for this, your consent to the transfer of your email address to the U.S.A. is required, without which it will not be possible to comply with your request. We invite you to consult the complete information to obtain detailed information to protect your rights.