The Secretary of State for Infrastructure, Transport and Communications, Sérgio Monteiro, defended on Tuesday that the dispersion in capital grant from the CTT “is an example that should inspire many other business groups.”
The minister was speaking during a ceremony at Euronext Lisbon to mark the completion of the privatization of CTT, stressed that the dispersion in the bag 31.5% of CTT that were were still in public hands demonstrates “that there is still investment with an interest in locating in Portugal. “
Sérgio Monteiro also contended that” should be the quality of management that determines whether a team should continue ahead of a company. “
With this operation, the state completely out of the communications market, has added the secretary of state, stressing that this is more a promise that gets fulfilled.
Meanwhile, Secretary of State of Finance, Manuel Rodrigues, said that the “high demand” that occurred in the sale of shares of CTT confirms “the restoration of confidence in the country.”
“The privatization program contributed significantly to the recovery in external confidence, “said, noting that the fit of the program amounts currently around EUR 9.2 billion.
Manuel Rodrigues also stated that since the initial public offering of CTT, there are nine months, the insurance of credit risk five years fell 58% and the cost of financing the Republic decreased 67%.
Stability in management
The president of CTT opted to convey a “message of peace and confidence” to employees of the company for the future.
“The message is the same as always, tranquility and confidence, “secured Francisco de Lacerda, when asked about the future of CTT workers now that the company is dispersed in a 100% scholarship.
” We have all, “he said, when asked by reporters after a ceremony on Euronext Lisbon to mark the completion of the privatization of the company.
However, the same official added, you still need to “find the models that best swinging the flexibility [labor] to reward those who contribute most CTT for success, “he said.
regard to possible changes in management, indicated that immediately does not believe” it will change a lot, “since the group has been run as if in private hands.
With the sale transaction on the stock exchange of which 31.5% were still in state hands, CTT became the first company with total capital distributed in the stock market, also recalled the same charge during the ceremony.
The president of Euronext Lisbon, Luís laginha argued that recourse to the capital market “is the way to ensure the competence centers that so often discuss.” This is because the management gives the company “the opportunity to develop strategies to autonomously business,” he explained.
“At times when we are regarded with more suspicion out, there is still appetite of foreign investors to invest in national assets, “considered the same charge.
Parpública announced last Friday it had completed the sale of 31.5% that the state still held in CTT, the price of 7.25 euros per action, fitting 343 million euros with the operation. The settlement of the offering is scheduled for Wednesday.
In December 2013 the state sold 70% of the share capital of the company to 5.52 euros per share, an operation that allowed an inflow of 579 million euros, inspired by the success of dispersion in bag of British post office, Royal Mail, and Belgian bpost.
At the time, the Portuguese State has undertaken to sustain for at least nine months 30% of the capital and voting rights of CTT that was.
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