Cabinet approves privatization of state-owned companies
During Cabinet’s regular session on May 23, cabinet members approved Parliament’s draft resolution on general guidelines for privatizing state properties from 2018 through 2020. State-owned energy, road, mining, finance, banking, information and communications companies will be fully or partially privatized. In specific, State Bank, the Mongolian Stock Exchange, MIAT Mongolian Airlines, Telecom Mongolia, Information and Communications Networking Company, the Mongolian Agricultural Commodity Exchange, Mongolian Securities Exchange, and 20 road maintenance companies operating in the provinces will be privatized. Shares of these companies will be traded through the Mongolian Stock Exchange. Privatization of the state's thermal power plants has been postponed for further review, due to the strategic importance of the power plants.
Keywords: GoM, MSE
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