Saturday, September 6, 2014

Portugal has privatized more than two thousand million agreed with the … – Economic

Portugal has privatized more than two thousand million agreed with the … – Economic

Katie Simões



 Portugal privatized over two thousand million xF5 & #; es than agreed with the troika

With the departure of State CTT, fitting with the privatizations carried out in the current legislature amounted to € 7446 million. A higher value of two billion agreed with the troika.

The goal of privatization set by the troika provided a cash inflow of € 5.5 billion, which was largely overcome by the Executive of Pedro Passos Coelho.

With the completion of the privatization of capital CTT process Parpública still held, reported today the market and generated a gain of € 343 million with a 31.5% stake to be sold by 7.25 euros per share, the total engagement with the sale of 100% of the Post Office amounted to € 909 million.

this value adds up gaining 21% of EDP sold to Chinese China Three Gorges, which earned € 2, 7 billion. The sale of 40% of REN – the State Grid and the Oman Oil – represented a cash inflow of 592 million and the second phase of the privatization of the company earlier this year, had other 157 million euros. Since the purchase of the French ANA da Vinci was completed for € 3080 million.

Also closed is the land of sublicensing ENVC Martifer for 415 000 euros annually by 2031, which will yield approximately EUR 7.5 million

is the complete sale of EGF, waste management company, owned by Águas de Portugal (AdP).; proposals have already been delivered and at the forefront is the Mota-Engil, offering EUR 149.9 million for 100% of the company.

There is still selling the TAP, which highlights the interest of the entrepreneur Pais do Amaral, already formalized with the Government, as reported in today’s Economy.

The granting of public transport companies in Lisbon and Porto is progressing but still no specifications with final figures. And for launch, is the process of CP Carga.

It also completed the sale of the Insurance Fund, valued at one billion euros, but the fit with this privatization is to CGD, not entering in Treasury accounts.

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