noun
privatized enterprise; privatized business
Refers to a company or business that was formerly state-owned and has been transferred to private ownership.
郵便局は民営化企業になった。
The post office became a privatized enterprise.
民営化企業の経営効率は向上した。
The management efficiency of the privatized enterprise improved.
Compound of 民営 (private management) + 化 (-ization) + 企業 (enterprise).