Portugal Delivers on Privatisation Target - Presented by: The Aol. On Network

Shares in CTT opened seven percent up on their offer price. A strong signal of a strong debut - despite misgivings by postal workers and the public. Following successful IPOs in the UK and Belgium, a seventy per cent stake was up for grabs, pocketing the government around 580 million euros. It's promoting the privatisation as a milestone on Portugal's road to recovery, even if postal workers fear some colleagues could fall by the wayside.



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