Mauritius May Sell Stakes in Telephone, Insurance Companies to Retire Debt

(Bloomberg) -- Mauritius may sell stakes in several
state-owned companies, including Mauritius Telecom and the State
Insurance Company Ltd., and use the proceeds to retire debt or
build new infrastructure, Finance Minister Rama Sithanen said.

``As part of its policy to develop the equity market and to
widen and democratize share ownership, government will encourage
Mauritius Telecom and Sicom Ltd. to be listed on the Stock
Exchange of Mauritius,'' Sithanen said in his June 15 budget
speech, which was published on his ministry's Internet site. ``In
the same vein, government will sell some of its shares in other
state-owned companies.''


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