THE NEW CLOSED SHOP: WHO’S DECIDING WINNERS AND …

winners, the losers and the runners-up. The first wave During the 1980s and 1990s, more than 50 formerly publicly owned utilities were privatised. Some of these were unprecedented in size; the sale of 51% of BT for example:2 the sale of even a half share in BT was six times larger than any previous issue on the London Stock Exchange. ................
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