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Rail company privatisation given go-ahead

Page created: Thursday, 26 March 2015 14:46 GMT

Thematic
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CP   EMEF  European Commission  Privatisation  Rail Company

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.