Requests by PSD and Chega for a hearing with the Minister of Economy and the Sea, António Costa Silva, regarding the privatization of Efacec were rejected this Thursday by the PS in the parliamentary Committee on Economy, Public Works, Planning and Housing.
These requests were rejected by the PS, receiving votes for PSD, Chega, Bloc de Esquerda and PCP.
On November 6, António Costa Silva estimated that Efacec’s bankruptcy would cost the state 60–65 million euros a year, including unemployment benefits and losses in social contributions.
The state sold the entire Efacec company (nationalized in 2020) to the German investment fund Mutares, which will invest €15 million in capital and provide loan guarantees worth €60 million.
As part of the sale, the state agreed to invest 160 million euros in the company, and Banco de Fomento will finance an additional 35 million euros through the purchase of bonds (convertible into equity).
These amounts are in addition to the 200 million euros that the state has already invested in the company over the past 20 months (to pay fixed costs, including wages).
In April, Parpública announced that it had received improved binding offers from four candidates to purchase 71.73% of Efacec as part of the company’s reprivatization process.
Efacec, which is headquartered in Matosinhos, has approximately 2,000 employees.
Author: Lusa
Source: CM Jornal
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