Am 05.01.2012 15:39, schrieb Graham Nye:
In the UK, shares of state-owned companies ("nationalised", in our
terminology) aren't traded on a stock exchange. All shares are
retained by the state and none are sold.

Only if the state decides to sell the company ("privatise" it) will
the shares be released for trading in a stock exchange.

or selling chunks of shares directly to an "investor".

Did they put the shares of British Rail up for sale on the stock
exchange? Not as far as I know.

Ross explained yesterday that German definitions are different.
If you post into UK newsgroups you need to be aware that we are
using different definitions from you.

Again: you are giving too much attention on formalities.


Cheers,
L.W.