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Jordanian government acquires 51% of AutoBus
- Jordan: Tuesday, February 05 - 2013 at 06:09
Jordanian government is set to acquire 51% of the shares in the Kuwaiti-owned Mutakamilah Transportation Co (AutoBus) to enhance the country's public transportation sector, Petra has reported, citing official sources. The cabinet decided to buy the shares for $10m, to be paid over 10 instalments, the sources said. The shares will go to the Greater Amman Municipality (GAM), which currently holds 10% of the shares, making it the majority shareholder in AutoBus.
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