ENSUL MECI - EFACEC - COGERAÇÃO DO PORTO, A.C.E.
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Recent Articles about ENSUL MECI - EFACEC - COGERAÇÃO DO PORTO, A.C.E.
Live alerts from global media, monitored by Business Radar
2025-01-15 (jornaldenegocios.pt)
Efacec: an unreasonable nationalization that could cost 564 million euros - Companies - Jornal de Negócios
Just over a year after the handover of Efacec, which had been nationalized in 2020, the sale of the company to Mutares was destroyed by the Court of Auditors. The State risks losing hundreds of millions of euros in an operation that started badly and risks ending worse for taxpayers.
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2024-10-02 (noticiasaominuto.com)
Efacec nationalization objectives "were not achieved"
The State's decision to nationalize and then reprivatize Efacec could reach a cost, in public financing, of 564 million euros, and the objectives were not achieved, according to an audit by the Court of Auditors (TdC).
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2024-10-01 (jornalf8.net)
EFACEC (NOW) RHYMES WITH… CRATER
The Portuguese State's decision to nationalize Efacec was not accompanied by a forecast of its impact on public finances and the objectives of nationalization were not achieved. The reprivatization of the company culminated in public financing of 484 million euros, with the risk of rising to
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2024-10-01 (expresso.pt)
IL wants to hear from António Costa, Siza Vieira and António Costa e Silva about the nationalization of Efacec
<p>At the end of the previous legislature, in November, the Liberal Initiative had already presented the same initiative in Parliament and, according to Rui Rocha, the conclusion of the audit by the Court of Auditors only reinforces the need for further clarification on the process</p >
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2024-10-01 (publico.pt)
Efacec did not need nationalization to continue to have access to bank credit
Court of Auditors maintains that Efacec's access to bank credit was unlocked with State guarantees on Covid-19 lines and was not dependent on the company's nationalization.
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2024-10-01 (noticiasaominuto.com)
Failures, costs and risks. What does the TdC report say about Efacec?
On Monday, the main conclusions of the Efacec Public Financing Audit Report were announced, which reveal that "the objectives of nationalization were not achieved" and that at stake may be public financing that could "rise up to 564 million of euros".
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2024-10-01 (jornaldenegocios.pt)
Nationalization of Efacec "was driven by managers", who did not safeguard jobs
Audit by the Court of Auditors of the company's nationalization holds managers responsible for not having taken into account the objectives of the rescue by the State and the previous government for having decided on the rescue 'without technical and independent justification, in the public interest'.
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2024-09-30 (observador.pt)
State spent more to sell Efacec and achieve a greater return, but took more risks
Court of Auditors says that the nationalization of the company that belonged to Isabel dos Santos did not fulfill any objective and was carried out without justification. Proposal chosen to buy Efacec increased risks.
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2024-09-05 (sicnoticias.pt)
15 minutes: the cost of Efacec to the State and the health center controversy
<p><span>EFACEC could cost the State another 80 million euros, in addition to the 484 million it has already cost. The value is advanced by an audit by the Court of Auditors and the government has already requested a discussion of the topic.
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2024-04-05 (observador.pt)
Efacec. Nationalization failed objectives and could cost another 80 million (in addition to the 484 million it already cost)
An ongoing audit by the Court of Auditors indicates that public financial support for Efacec could exceed 500 million. State can still recover much of it, but, for now, nationalization has failed objectives.
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2022-03-07 (expresso.pt)
Efacec: equity restructuring will release State guarantees on credit of 115 million - Expresso
The amount of capitalization to be carried out by Parpública in Efacec depends on an independent audit. Financing banks were informed of the sale process, but are unaware of the restructuring process.
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