акционирование

English translation: stock issuance

15:11 Nov 1, 2007

Russian to English translations [PRO]
Bus/Financial - Business/Commerce (general)

Russian term or phrase: акционирование

Мы ждем официального старта процедуры акционирования сотовых операторов...

Есть ти в английском одно слово для обозначения искомого термина? Заранее спасибо!

Arkadi Burkov KudoZ activity Questions: 1211 (none open) (1 without valid answers) (28 closed without grading) Answers: 1077 Belarus
Local time: 00:35

English translation:stock issuance

Explanation:
It appears that there may not be an exact equivalent in Western economic terminology.

The Vietnamese coined the new term "equitisation". However, this doesn't seem to be an exact equivalent of "акционирование".

All I've been able to find so far, are descriptive definitions like
"transformation of state enterprises into joint-stock companies".

It's hard to give advice without seeing more of your original, but you may be able to get away with using "stock issuance", "issuing stock", "issuing shares", or such.

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Note added at 37 mins (2007-11-01 15:49:10 GMT)
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Then it may turn to be "equitization" after all:

“Equitisation” means turning an SOE into a joint-stock corporation and divesting. part of the state shares – a first step towards listing a company. ...
www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000... -

Selected response from:

Alexander Demyanov
Local time: 17:35

Grading comment

Спасибо. С учетом специфики текста выбрал equitisation.
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +3

corporatization

Clue

privatization

David Knowles

incorporation

GaryG

flotation

John Farebrother

stock issuance

Alexander Demyanov

IPO (initial public offering)

Alexander Kondorsky

Answers

9 mins confidence:

privatization

Explanation:
Sounds like the opposite of "going public" but it's not!

It's not a very precise equivalent, since privatization does not necessarily involve the issuing of shares to the public, but it's a single word, frequently used. I'm not sure that аквионирование necessarily involves the issuing of shares to the public either - it could be private placement of shares, or state ownership of the shares (as in the UK with the Royal Mail).

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Note added at 19 mins (2007-11-01 15:30:58 GMT)
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Given the extra comments, I'm not sure there is a single word. "Conversion to joint-stock company" is accurate but not very catchy. It could be abbreviated to "conversion" after initial explanation.

David Knowles
Local time: 22:35
Works in field
Native speaker of:

English
PRO pts in category: 195

Notes to answerer

Asker: Спасибо, David. В тексте используются и "приватизация" и "акционирование", т.е. оба термина нужно еще как-то различать.

30 mins confidence:

stock issuance

Alexander Demyanov
Local time: 17:35
Works in field
Native speaker of:

Russian
PRO pts in category: 38

Grading comment

Спасибо. С учетом специфики текста выбрал equitisation.

Notes to answerer

Asker: Спасибо, Александр. Речь как раз идет о Вьетнаме:)

7 mins confidence:

incorporation

Explanation:
Per a US govt glossary I have

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Note added at 42 mins (2007-11-01 15:54:22 GMT)
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Arkadi, I don't know Russian corporate law but I assume there are different forms of organization. In the US a business can be a company, corporation, partnership, etc.

GaryG
Local time: 17:35
Native speaker of:

English
PRO pts in category: 56

Notes to answerer

Asker: Гари, спасибо за ответ. Не будет ли здесь двусмысленности - ведь речь об акционировании структур, уже имеющих статус юридического лица?

49 mins confidence:

peer agreement (net): +3

corporatization

Explanation:
-

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Note added at 53 mins (2007-11-01 16:05:30 GMT)
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Corporatization is a more precise term for what often is called privatization, for it almost always refers to a process by which formerly public assets or functions are sold or given to corporate entities.
http://en.wikipedia.org/wiki/Corporatization

Не люблю цитировать этот источник, но с этим определением согласна

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Note added at 56 mins (2007-11-01 16:08:17 GMT)
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http://www.multitran.ru/c/m.exe?a=ForumReplies&MessNum=2379&...

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Note added at 1 hr (2007-11-01 16:42:17 GMT)
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BSNL, formed by the corporatisation of the Department of Telecom Operations in 2000, may not have the slick panache of private-sector telecom operators, such as Reliance Infocomm or Bharti Tele-ventures_which recently received a high-profile investment from the UK-based Vodafone.
http://search.ft.com/ftArticle?queryText=corporatisation&y=0...

Instead, the Government said that under a program it calls corporatization, public services like telephones, electricity and water will be partly or completely privatized to improve efficiency.
http://query.nytimes.com/gst/fullpage.html?res=9C03E7DD173EF...

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Note added at 3 hrs (2007-11-01 19:00:59 GMT)
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Еще примеры, показывающие, что акционирование - это НЕ going public.

Федеральное агентство по печати и массовым коммуникациям решило акционировать Российскую телерадиовещательную сеть (РТРС)... О своем желании акционироваться РТРС заявляет уже третий год. Еще прошлым летом проект превращения ФГУПа в АО со 100-процентным участием государства лег на стол Михаилу Фрадкову, но тогда планам РТРС помешала административная реформа. Теперь глава госкомпании Геннадий Скляр, заручившись поддержкой Федерального агентства по печати и массовым коммуникациям, будет добиваться включения своего ФГУПа в «прогнозный список предприятий, подлежащих акционированию в 2006 году».

Или, например, "Роснефть". http://www.rosneft.ru/about/history/
Компания «Роснефть» была создана в 1993 году как государственное предприятие.... В _1995 году_ российское Правительство своим постановлением преобразовало «Роснефть» в акционерное общество открытого типа..."

НО ТОЛЬКО "_19 июля 2006 г._ началось свободное обращение ценных бумаг «Роснефти» на Лондонской фондовой бирже (LSE), а также на фондовом рынке в самой России."
Вот когда они _went public_, через 11 лет после акционирования.

Clue
Russian Federation
Local time: 00:35
Specializes in field
Native speaker of:

Russian
PRO pts in category: 56

Peer comments on this answer (and responses from the answerer)

neutral

Alexander Demyanov: The Wikipedia explanation seems to mean things different from "акционирование"//Well, the Multitran forum entries aren't very convincing. "Noboby asks questions" doesn't prove much. On the other hand, Wikipedia has been wrong before.

7 mins

agree

Dmitry Golovin: сам часто переводил как transformation into a JSC. но если нужно короче, то использовал именно этот вариант. Полный вариант можно для первого раза дать в скобках, чтобы совсем уж ясно было

6 hrs

-> Спасибо!

agree

Iliya Gontmakher

2 days 20 hrs

-> Спасибо!

agree

vasilisa13: Finam gives a v useful definition and translation that agrees with Corporatization:Акционирование - процесс трансформации государственного предприятия в акционерное общество открытого типа.... http://www.finam.ru/dictionary/wordf0094400024/default.asp?n...

269 days

16 hrs confidence:

IPO (initial public offering)

Explanation:
date for the companies making their IPOs
применимо только если речь действительно идет о первичном размещении акций

Alexander Kondorsky
Russian Federation
Local time: 00:35
Works in field
Native speaker of:

Russian
PRO pts in category: 28

1247 days confidence:

flotation

Explanation:
that would seem to cover it

Reference: http://dictionary.cambridge.org/dictionary/british/flotation...

John Farebrother
United Kingdom
Works in field
Native speaker of: English
PRO pts in category: 4

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