joint-stock, privatization

French Cabinet Moves Closer to Privatization of La Poste

The French cabinet approved a bill that will turn the country's postal service, La Poste, into a joint-stock company on Jan. 1.

joint-stock
株式組織; 共同出資.
joint-stock　a. 株式共有の.
joint-stock bank　〔英〕 株式銀行 ((略 JSB)).
joint-stock company　〔英〕 株式会社.
⇒joint
n.

Stock or capital funds of a company held jointly or in common by its owners.