| Elena Titova | ||||||
The international strategic investor has become and will continue to be the key figure in eastern European privatization. After a decade trying to adapt the principle of privatization to the region’s needs, investment bankers and governments have concluded that the most effective sales have involved transferring a substantial equity stake to a foreign company.
The investor must also receive a guarantee of management control, whether or not it holds more than 50% of the shares.
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