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BANKERS TRUST COMPANY APPOINTED VENEZUELAN FINANCIAL ADVISOR

 BANKERS TRUST COMPANY APPOINTED VENEZUELAN FINANCIAL ADVISOR
 NEW YORK, March 20 /PRNewswire/ -- Bankers Trust Company (BTC) has been appointed financial advisor to the Venezuelan government for the privatization of two of the country's electric utility companies.
 Through its agency, Fondo de Inversiones de Venezuela (F.I.V), the government plans to privatize C.A. Energia Electricia de Venezuela (ENELVAN) and C.A. Engergia Electrica de la Costa Oriental (ENELCO). The companies have a combined generating capacity of approximately 1,400 megawatts among their six plants.
 The privatization will place between 50 percent and 60 percent of the companies in private hands and another 30 percent will be sold to stockholders on the public markets. A portion will be retained for the employees.
 Bankers Trust plans to bring the transaction to the worldwide market in about six weeks and expects to complete the sale during the fourth quarter of the year.
 The privatization will be the third by the Venezuelan government and rank in size behind the sale of CANTV, the telephone company, which is currently under way. The other is the completed sale of VIASA, the national airline.
 -0- 3/20/92
 /CONTACT: Thomas A. Parisi of Bankers Trust, 212-454-1686/
 (BT) CO: Bankers Trust Company ST: New York IN: FIN SU:


CK-AH -- NY057 -- 0151 03/20/92 14:12 EST
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Publication:PR Newswire
Date:Mar 20, 1992
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