Chinese group Beijing Enterprises Water interested in privatisation of Portuguese companies

31 October 2013

Chinese group Beijing Enterprises Water is studying the privatisation of Portuguese company Empresa Geral de Fomento (EGF), a subsidiary of water group Águas de Portugal for the solid urban waste sector, Portuguese financial daily Diário Económico reported.

The Chinese group, which is already present in Portugal in four water distribution concessions, is joining another heavyweight candidate, Brazilian group Odebrecht, whose interest in the Portuguese company was previously announced.

In December 2010, Environment Minister Assunção Cristas said that the privatisation process of Empresa Geral do Fomento was expected to be concluded by the end of the first half of 2013.

EGF is a sub-holding of the Águas de Portugal group responsible for “proper environmental and economically sustainable treatment (…) of waste,” according to its website.

Waste treatment and management systems are operated by 11 concession-holding companies set up in partnership with the municipal areas they serve.

These companies process 3.7 million tons of solid urban waste each year produced in 174 municipalities and serving 60 percent of the Portuguese population, or around 6.4 million inhabitants. (macauhub)