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this post was submitted on 09 Dec 2024
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I've not heard the term privatisation used in this way. This company is already privately owned, just not by a single individual or entity. That's not the same thing as being publicly owned, at least here in Australia it's not.
A "public company" is one that has shares that are publicly traded. Common terminology, but yes it is confusing compared to private vs state ownership.
Edit: you're right though, using "privatisation" is doubly confusing... That's not so common. Perhaps that's what you meant!
Yeah that's what I meant ๐
I was more used to hearing privatization referring to a government owned entity passing to private interests, but I did a quick search and found out it can mean both things:
Neat. Thanks. It must be unusual though. That publication seems to have only used it in the title because it's part of a quote that is the basis for the article. They don't use that phrasing anywhere else except in a longer quote in the body. Elsewhere they use more common phrasing like 'go private'.