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Antigua and Barbuda to sell 10% stake in WIOC

The Antigua and Barbuda government says it is to sell 10% of its shares in the state-owned West Indies Oil Company (WIOC).
 
WIOC was purchased in 1976 by the government, which four years later sold 75% of the company to National Petroleum.
 
The government recently acquired 51% in the company and has decided to lower its shareholding in WIOC to 41% of the shares.


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