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LASCO's privatization in rough seas

Nov 04, 1999
By Benjamin Smith

RIGA - After four years of haggling, Latvia's second largest business may actually be privatized; and the opponents of that privatization are throwing every wrench they can find into the works.Late last week, the Latvian Socialist Democratic Workers Party announced that they had assembled the signatures required to form a special investigatory panel on the privatization of the shipping company Latvijas Kugnieciba, a.k.a. LASCO. Almost simultaneously, LASCO executives learned that the Latvian Pri ...

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