President Nicolás Maduro announced this Wednesday the approval of a special plan for the share expansion of the main public companies of the Venezuelan State, and to offer between 5% to 10% of their shares through the Venezuelan Stock Exchange, with the objective to promote national and international investment in the country.
During a new Productive Wednesday journey, dedicated this week to the Export Engine and for the generation of foreign currency, the Head of State announced that next Monday, May 16, the Stock Exchanges and Brokerage Houses of Venezuela will start the offer of shares of several public companies “for national or international investment fundamentally”.
“You will be able to become an investor in CANTV, Movilnet, the Petrochemical, oil joint ventures, gas companies, Guayana companies, between 5% and 10% of the share package”, he explained.
In this regard, he pointed out that there will be an expansion of the shareholding package of the companies so that investors, national and international, may go get involved, we need capital for the development of all public companies, we need technology, new markets, and we are going to advance and starting next Monday I have the good news that this order that I gave last year is already going to begin to made concrete, already preparing these scenarios,” he concluded.
