Brazilian businesspeople interested in privatisations in Portugal

28 June 2012

Businesspeople from Brazil are closely following the sale of state assets in Portugal, said the Brazilian ambassador to Portugal, Mário Vilalba, speaking to Portuguese weekly newspaper Expresso.

“The processes of selling TAP Air Portugal, (shipyard) Estaleiros Navais de Viana do Castelo, the insurance arm of financial group Caixa Geral de Depósitos, as well as the postal service and airport and hospital management are being followed by businesspeople in Brazil,” the ambassador noted.

Vilalba gave assurances that losing out to the China Three Gorges Corp in buying the state’s stake in power company EDP – Energias de Portugal had not ended Brazilian interest in other privatisations.

In the health sector, linked to Portuguese state bank Caixa Geral de Depósitos (CGD), Brazil’s Amil Participações has made the shortlist and Brazil’s Companhia de Concessões Rodoviárias is interested in the privatisation of Portuguese airport manager Aeroportos de Portugal (Ana).

“It is time to invest. We will, all being well, take part in all the privatisations. EDP didn’t work out, but we will try for Aeroportos de Portugal, TAP, the postal service, the shipyard, hospitals and insurance of Caixa Geral de Depósitos, in which the Amil group has been pre-selected,” Vilalba told Expresso.

As for TAP Air Portugal, the ambassador said that, as well as Latam Airlines, a merger between Chile’s Lan and Brazil’s Tam, there was as yet unstated interest from other groups that are not necessarily from the air transport sector. (macauhub)