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30% of National Lottery, 49% of AENA will be privatized

30% of National Lottery, 49% of AENA will be privatized

The Prime Minister, José Luis Rodríguez Zapatero, has announced he will privatize up to 30% of la Lotería Nacional, Spain’s National Lottery next year.

This, together with the privatization of 49% of Aena, the airport manager, is included in a package of initiatives to be adopted on Friday by the Cabinet and that seeks to promote investment and employment in Spain.

The 426€ a month to dole seekers who have used up their unemployment benefit will also end in February, said Snr Zapatero.

For his part, the vice president, Alfredo Pérez Rubalcaba, in response to a question from the opposition PP party, has said that the decision to privatize part of Lotteries and Aena was to reduce national debt, permit greater investment in Spain, allow the nation to have more budgetary leeway and thus focus on active employment policies via the private sector.

Snr Zapatero said the state hopes to sell of the state businesses for around 9,000 million euros.