The Portuguese government may start a tender to sell state-controlled shipyard Estaleiros Navais de Viana do Castelo SA within 45 days, an official at the Defense Ministry said today, Bloomberg reports. A final decision may take place two months after the offers are received, the official, who declined to be named in line with his ministry’s policy, said by phone today.
The government has received three written expressions of interest and three requests for information about the shipbuilder, the official said, adding that the Finance Ministry will decide on the final terms of the sale.
Portugal is selling assets to comply with the terms of a 78-billion euro ($103 billion) bailout from the European Union and the International Monetary Fund. The government also plans to sell state-owned airline TAP SGPS SA after divesting most of its holdings in utility EDP-Energias de Portugal SA and in power-grid operator REN-Redes Energeticas Nacionais SA. (RENE)
Portugal plans to find a shareholder for the shipyard that will guarantee the company’s future, Prime Minister Pedro Passos Coelho said today. The shipbuilder, based in the town of Viana do Castelo on the country’s northwest coast, builds and repairs medium-sized ships and has about 670 employees.
The company is “not sustainable” at the moment, he said in comments to reporters in Lisbon, broadcast by SIC Noticias television station.
“We hope the privatization will take place as soon as possible,” said Passos Coelho.
The government has received three written expressions of interest and three requests for information about the shipbuilder, the official said, adding that the Finance Ministry will decide on the final terms of the sale.
Portugal is selling assets to comply with the terms of a 78-billion euro ($103 billion) bailout from the European Union and the International Monetary Fund. The government also plans to sell state-owned airline TAP SGPS SA after divesting most of its holdings in utility EDP-Energias de Portugal SA and in power-grid operator REN-Redes Energeticas Nacionais SA. (RENE)
Portugal plans to find a shareholder for the shipyard that will guarantee the company’s future, Prime Minister Pedro Passos Coelho said today. The shipbuilder, based in the town of Viana do Castelo on the country’s northwest coast, builds and repairs medium-sized ships and has about 670 employees.
The company is “not sustainable” at the moment, he said in comments to reporters in Lisbon, broadcast by SIC Noticias television station.
“We hope the privatization will take place as soon as possible,” said Passos Coelho.