Cyprus may not need full privatization
2013-09-16 11:19:43
Cyprus may need to only partly privatize state-owned enterprises to meet one of the conditions of its international bailout, its president was quoted as saying on Sunday.
The 10 billion euro ($13 billion) bailout deal Cyprus reached with the European Union and IMF envisages selling some state assets.
Authorities could convert state enterprises into joint-stock companies and seek out strategic investors with the state retaining a controlling stake, President Nicos Anastasiades said.