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I have just done question Stillwater services and would like to clarify something as I think I am confusing myself.
Firstly in the questions it stated that SS is a listed company and was previously owned by the government but now has been privatized just over 4 years ago.
Isn’t public and listed the same? or is the question stating that the Government once owned it but now shareholders do?!
Sorry If this sounds daft but was trying to understand it!!
There is a confusion in terminology, particularly with regard to oublic/private.
A listed company is quoted on the stock exchange and is privately owned ie owned by members of the public and investment institutions.
If company is owned by the government it is in public ownership.
If the government sells it off, it is being privatised!
Brilliant thank you very much :o)