Cape Verde | 2017.08.14
CAPE VERDE GOVERNMENT LISTS COMPANIES TO BE PRIVATIZED SHORTLY

By means of Resolution No. 87/2017, of 3 August 2017, the government has made public the list of companies which are to be privatized, concessioned or restructured. The list comprises the national airline TACV and the airport concessionaire, as well as water and power utilities among many others. The companies are the following:

 

  • ASA – Aeroportos e Segurança Aérea, S.A.
  • CABNAVE – Estaleiros Navais de Cabo Verde, S.A.
  • CVFF – Cabo Verde Fast Ferry, S.A.
  • CV Handling – Cabo Verde Handling, S.A.
  • ENAPOR – Empresa Nacional de Administração dos Portos, S.A.
  • IFH – Imobiliária, Fundiária e Habitat, S.A.
  • TACV – Transportes Aéreos de Cabo Verde, S.A.
  • SGZ – Sociedade de Gestão de Lazareto, S.A.
  • AEB – Águas e Energia da Boavista, S.A.
  • ELECTRA – Empresa Pública de Electricidade e Águas, S.A.
  • ENACOL – Empresa Nacional de Combustíveis, S.A.
  • CCV – Correios de Cabo Verde, S.A.
  • Cabo Verde Telecom, S.A.
  • NOSI – Núcleo Operacional para a Sociedade de Informação, EPE
  • Agro-Quibala – Sociedade Cabo-verdiana Agro-Industrial de Quibala
  • Atlantic Tuna – Sociedade Cabo-verdiana e Angolana de Pesca, S.A.
  • EMPROFAC – Empresa Nacional de Produtos Farmacêuticos, S.A.
  • Sociedade Cabo-verdiana de Sabões, S.A.
  • SONERF – Sociedade Nacional de Engenharia Rural e Florestas, EPE
  • BVC – Bolsa de Valores de Cabo Verde, S.A.
  • PROMOTORA – Sociedade de Capital de Risco, S.A. 2017
  • EHTCV – Escola de Hotelaria e Turismo de Cabo Verde, EPE
  • SDTIBM – Sociedade de Desenvolvimento Turístico das Ilhas da Boavista e Maio, S.A.


The first privatization process is to begin this year.


The model of transaction to be adopted for each company – privatization, concession or public-private partnership – will be decided by the State Business Sector Monitoring Unit of the Ministry of Finance.

 

The sale of equity will primarily take place through public tender or public subscription, but the use of restricted tender or direct sale may be adopted should the national interest so require.

 

With such an aggressive privatization program the Cape Verde government aims to increase the competitiveness of the economy and to create new business opportunities so as to attract a more robust private sector participation in the national economy.

 

If you wish to receive additional information on this Alert, please contact:

 

Alberto.Simoes@mirandalawfirm.com

Mafalda.Monteiro@mirandalawfirm.com
Antonio.Goncalves@cvlexis.com

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