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Strategies & Market Trends : Argentine stocks

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To: X Y Zebra who wrote (285)	5/20/1999 11:51:00 AM
From: X Y Zebra	of 331

The "natives" seem really restless.... biz.yahoo.com Argentine Congress bans Banco Nacion privatization BUENOS AIRES, May 20 (Reuters) - Argentina's Lower Chamber of Congress on Wednesday passed a law preventing the possible privatisation of Banco Nacion, state-run news agency Telam and private news agency DyN said. The Senate had passed the bill last month. President Carlos Menem has launched a sweeping privatisation drive since he first took power in 1989 and last year agreed with the International Monetary Fund to change the bank's status by early 2000 to transform it into a limited company. A limited company is one whose shares may be held by the investing public and traded on an exchange.

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