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AGT: Privatisation not the only game in town

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Recent developments at Accordia Golf Trust (AGT) are a timely reminder that privatisation is not the only way that management can separate public companies from their assets.

RECENT developments at Accordia Golf Trust (AGT) are a timely reminder that privatisation is not the only way that management can separate public companies from their assets.

Reit sponsor Accordia Golf is proposing to buy all of AGT's 88 golf courses.

The catch is that Accordia...