ENSUL MECI - EFACEC - COGERAÇÃO DO PORTO, A.C.E.

Location

Founded

2009-01-23

Risk Signals

645 news mentions monitored

Industry Context

This company is tracked across risk categories, including those related to its sector (e.g., Special Trade Contractors, Not Elsewhere Classified), including supply chain integrity, ESG practices, labor disputes, and regulatory compliance.

Recent Articles about ENSUL MECI - EFACEC - COGERAÇÃO DO PORTO, A.C.E.

Live alerts from global media, monitored by Business Radar

Efacec with losses of 100 million euros -

2025-02-21 (valoreconomico.co.ao)

Efacec with losses of 100 million euros -

Efacec Power Solutions, the company of energy, engineering and mobility sectors, which belonged to Angolan businesswoman Isabel dos Santos closed 2022 with losses that exceed 100 million euros.

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Efacec could cost the State more than 560 million euros, nationalization failed objectives

2024-09-04 (sicnoticias.pt)

Efacec could cost the State more than 560 million euros, nationalization failed objectives

The intervention at Efacec could still cost another 80 million euros, increasing the public financing bill to 564 million euros.

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Sale of Efacec is closed but the State will inject another 160 million

2023-11-01 (sicnoticias.pt)

Sale of Efacec is closed but the State will inject another 160 million

Until now, the State had already injected 200 million euros into the company in supplies, 10 million euros for each month since April 2022. But, as the Economy Minister announced, it will inject more.

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PSD requests urgent hearing of the Minister of Economy in Parliament

2023-11-01 (sicnoticias.pt)

PSD requests urgent hearing of the Minister of Economy in Parliament

Joaquim Miranda Sarmento wants to hear clarifications from António Costa e Silva about the process of selling Efacec to a German fund. The PSD parliamentary leader criticized the State's total investment in the company since 2020.

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Sale of Efacec to the Mutares fund "is not a credible deal", warns Maxyield

2023-07-13 (jornaleconomico.pt)

Sale of Efacec to the Mutares fund "is not a credible deal", warns Maxyield

Investors Association criticizes the 50% debt cut and calls on bondholders to reject the proposal at the August 7 meeting. And he also criticizes the 15 million that the fund intends to inject into the company, which "is manifestly insufficient to make it viable"

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Mutares wants a 50% debt cut to recover Efacec

2023-07-05 (dinheirovivo.pt)

Mutares wants a 50% debt cut to recover Efacec

Spanish fund will have to negotiate with creditors. At issue is a five-year bond loan of 58 million, contracted in 2019

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Efacec: Final sales figures are not yet "completely determined"

2023-07-05 (noticiasaominuto.com)

Efacec: Final sales figures are not yet "completely determined"

The Minister of Economy and the Sea clarified today that the final figures for the sale of Efacec to the German fund Mutares are not yet "completely determined", reiterating that he will only talk about values ​​when the process is completed.

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Government signs agreement for the sale of Efacec to the Mutares fund

2023-06-23 (observador.pt)

Government signs agreement for the sale of Efacec to the Mutares fund

This Friday, the Government and Mutares signed the agreement that materializes the sale of Efacec to the Germans.

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Recovery of Efacec by German fund Mutares will take three to five years

2023-06-11 (observador.pt)

Recovery of Efacec by German fund Mutares will take three to five years

To Jornal de Negócios and Antena 1, the Government admits that the recovery of Efacec by the German fund Mutares, which won the race to privatize the Portuguese company, will take three to five years.

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Economy

2023-06-10 (noticiasaominuto.com)

Economy

The Secretary of State for Economy, Pedro Cilínio, admits that the recovery of Efacec by the German fund Mutares, which won the race to privatize the Portuguese company, will take three to five years.

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State sells Efacec to German Mutares

2023-06-07 (jornaldenegocios.pt)

State sells Efacec to German Mutares

German company Mutares is the new owner of Efacec. The fund manager's proposal was chosen to keep 71.73% of the company's capital held by the State. Government hopes to recover investment of more than 200 million.

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Closed. Government announces sale of Efacec to German fund

2023-06-07 (noticiasaominuto.com)

Closed. Government announces sale of Efacec to German fund

The Council of Ministers approved today, electronically, the resolution that selects the proposal for the acquisition of Efacec Power Solutions, SGPS, S.A., presented by Mutares.

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