Portuguese government approves privatisation of state airport manager ANA – Aeroportos de Portugal, S.A.

31 August 2012

The privatisation fo Portuguese state airport management company ANA – Aeroportos de Portugal was approved Thursday by the Portuguese government which, according to the statement from the Council of Ministers, outlines the sale of up to 100 percent of the company’s capital, with 5 percent set aside for workers.

“The sale will be carried out via a sales operation, through private negotiation, to one or more national or foreign, individual or grouped, investors (…) and via a public sales operation focused exclusively on ANA workers and companies directly- or indirectly-owned by ANA,” said the statement from the Council of Ministers.

At the end of the meeting, the State Treasury and Finance Secretary, Maria Luís Albuquerque, said that several investors were interested in the company’s privatisation, but added that those “intentions” had yet to be made official.

Barclays Capital, Banco Espírito Santo de Investimento, Citibank and Crédit Suisse will be the financial advisors on the privatisation process.

Meanwhile, the Portuguese government has received proposals from four parties interested in the re-privatisation of shipyard company Estaleiros Navais de Viana do Castelo: Portugal’s AtlanticEagle Shipbuilding, Lda., Russia’s JSC River Sea Industrial Trading, Brazil’s Rio Nave Serviços Navais Ltda. and Norway’s Volstad Maritime AS.

Other proposals that were not approved were from Portuguese-German consortium Amal Construções Metálicas/Münchmeyer Petersen Marine and from US company Tradequip Services & Marine Inc.

Binding proposals must be presented to Empresa Portuguesa da Defesa (Empordef), the state stake-holding company for Defence sector industries, by the end of September. (macauhub)