Iraqi government gives up, decides to sell the joint

The Iraqi government has begun preparing the groundwork for what could be one of the biggest privatisations of state-owned assets.

The Sunday Telegraph has learned that officials from the government have recently held talks with banking and legal advisers in London. City sources said Iraq's minister for industry, Fawzi Hariri, was looking to appoint advisers to draw up a memorandum of understanding to sell off the country's non-oil assets, ranging from petrochemical plants to construction companies, hotels and airlines, as early as this month.

Link: Iraq draws up plans for privatisation gold rush | Business | Money | Telegraph