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Securities Industry Czech Republic

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BUSINESS
November 26, 1994 | From Associated Press
The Czech Republic on Friday ended a privatization program with nearly all available shares sold. About a third of the country's industry has been transferred to about 6 million investors. The program, unprecedented in the former Soviet bloc, was undertaken to break up state monopolies and give financially troubled companies new, private management. Although only Czech citizens and investment funds were eligible to buy, the move also opened doors to foreign capital.
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BUSINESS
November 26, 1994 | From Associated Press
The Czech Republic on Friday ended a privatization program with nearly all available shares sold. About a third of the country's industry has been transferred to about 6 million investors. The program, unprecedented in the former Soviet bloc, was undertaken to break up state monopolies and give financially troubled companies new, private management. Although only Czech citizens and investment funds were eligible to buy, the move also opened doors to foreign capital.
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