“We need capital for the development of all public companies,” Maduro said during a televised event Wednesday. Among the companies Maduro mentioned are CANTV and its subsidiary Movilnet, petrochemical producer Petroquimica de Venezuela and a conglomerate focused in the mining sector. Some shares of CANTV have long traded on the Stock Exchange of Caracas, the country’s oldest exchange. But by Friday, Gustavo Pulido, president of the Stock Exchange of Caracas, had not received any information of the planned stock sales. I couldn’t tell you a certain time,” Pulido said, adding that an offering on the Stock Exchange of Caracas could not be structured by Monday.

Source: Ethiopian News May 15, 2022 04:01 UTC