Chase Manhattan Corp., together with Salomon Smith Barney, have released terms for the privatization of Empresa Distribuidora de Mendoza, the government-owned electricity distribution network of the Argentine province of Mendoza.

Chase said in a release that it had "every expectation" that the privatization would be successfully completed by the May 19 deadline.

Chase and other big U.S. banks have targeted privatizations of state- owned companies outside the United States as a major strategic initiative.

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