The Portuguese cabinet approved the privatisation of rail freight company CP Carga and train maintenance company EMEF on Thursday.
The sale of up to 100% of both companies is now to go ahead.
The sale may be directly to one or more investors, individually or in a group. The buyers can be Portuguese or foreign, but with a view to a stable. Long-term investment and part of the shares may be sold to the workers.
In declarations made in the middle of March a economy ministry source said the process was still subject to a decision by the European Commission Competition Department.
JMG/ADB // ADB.
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