11. State-owned banks must be privatized. 12. The bank is being privatized along with the postal service and Deutsche Telekom, the telephone and telecommunications business. 13. The bank was privatized at an auction held in the stock exchange of Belo Horizonte, the state capital. 14. The French government has also agreed to privatize the bank. 15. The goal is to consolidate and then privatize these banks. 16. The French government has agreed to privatize the bank by October in order to meet conditions set by the European Commission for a recent state-aid package. 17. The French government has also agreed to privatize the bank by that date. 18. The statement said the World Bank aid would support efforts to complete rehabilitation in the banking sector, restructure and privatize state banks and further improve banking regulations. 19. They were acquired after the big bank was privatized. 20. The Argentine government also pledged to take action to boost tax revenues, work to clean up provincial government finances and privatize provincial banks. |