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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: TobagoJack who wrote (59303)4/25/2006 1:48:02 AM
From: shades  Read Replies (1) of 110194
 
GERMAN PRESS: Austrian Post Office Set For IPO

(first japan - now austria - when does the USA privatize the postal system - I know goldman sachs itching to make fees on that deal - what was it buffet said about selling off the farm?)

DOW JONES NEWSWIRES

The Austrian post office, Oesterreichische Postsparkasse (OPS.YY), is close to a stock issue, with the government holding company OIAG set to sell a 49% share, according to Boersen-Zeitung.

Post general director Anton Wais says the time is right for an initial public offering because the company has demonstrated that it can restructure itself and make money.

Newspaper Web site: boersen-zeitung.de


-Dow Jones Newswires; dennis.baker@dowjones.com


(END) Dow Jones Newswires

April 25, 2006 01:19 ET (05:19 GMT)

Copyright (c) 2006 Dow Jones & Company, Inc.- - 01 19 AM EDT 04-25-06
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