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BUSINESS
November 24, 1988 | DAN FISHER, Times Staff Writer
Anxious to revitalize its 9-year-old privatization program in the face of a stock market still jittery after last year's crash, Britain's Conservative government on Wednesday put what critics termed a bargain-basement price of $4.5 billion on the assets of British Steel Corp. Success of the sale is considered especially important because it is the first of a state-owned company since the ill-fated October, 1987, attempt to sell nearly one-third of British Petroleum.
BUSINESS
November 24, 1988 | DAN FISHER, Times Staff Writer
Anxious to revitalize its 9-year-old privatization program in the face of a stock market still jittery after last year's crash, Britain's Conservative government on Wednesday put what critics termed a bargain-basement price of $4.5 billion on the assets of British Steel Corp. Success of the sale is considered especially important because it is the first of a state-owned company since the ill-fated October, 1987, attempt to sell nearly one-third of British Petroleum.
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