Portuguese government continues with process of selling public companies to private investors

1 March 2012

Portuguese airline TAP – Air Portugal, airport manager ANA – Aeroportos de Portugal and rail cargo company CP Carga remain at the top of the list of assets to be sold by the Portuguese state, the secretary of state for the Treasury said in Lisbon Tuesday.

Maria Luís Albuquerque noted that along with these three companies, which the government intends to sell to private investors in 2012, there will also be the sale of nationalised bank Banco Português de Negócios, which is due to be sold to Angolan investors by the end of March.

The sale of postal company CTT – Correios de Portugal is expected to be launched this year, but to be concluded at a later time. (macauhub)