Efacec could be in the hands of the Portuguese, after the withdrawal of foreign companies – Industry

The Egyptian Elsewedy Electric Corporation, the Chinese Chint Group Corporation and even the Spanish Iberdrola will already be out of the race to reprivatize Efacec, according to the digital newspaper Eco, this Monday morning. According to the information obtained, only Portuguese companies DST and Sing – Investimentos Globais, the holding of industrial Sodecia, are still interested in the reprivatization process.

It is also indicated that companies must submit binding proposals by the 19th of July.

Efacec’s reprivatization process started in December last year. The amounts involved in the proposals are not known, but the Minister of Economy, Pedro Siza Vieira, has already stated that the State does not intend to lose out in this process. The minister believes that Efacec will be able to pay off the loan of 60 million euros. In April, Siza Vieira stated that there were ten candidates interested in Efacec.

Efacec’s reprivatization process follows the departure of Isabel dos Santos from Efacec’s capital, after the Luanda Leaks case. In January of last year, the International Investigative Journalism Consortium (ICIJ) revealed more than 715,000 files detailing alleged financial schemes by Isabel dos Santos and her husband, Sindika Dokolo. The Consortium’s investigation indicated that the couple allegedly took money from the Angolan public treasury to tax havens.

Angolan businesswoman Isabel dos Santos announced in January of last year that she intended to withdraw from Efacec’s capital permanently.


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