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T Investor May Be with Capital that Workers Do Not Buy
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It is interested to include in the proposal "an industrial plan and a gyco road project that respects the objectives set out for the reprivatisation process, in particular as regards the location of the headquarters and main establishment of the TAP, ensuring the narrow road" refers to the decree published today.
The Law on Privatisation of 49.9% of the TAP provides that the private investor may be more than 44.9% of the company, buying what workers do not buy from the 5% they have reserved. The law was published in the Journal of the Republic, you can see it here. "The minority participation of the reprivatisation may rise to 49.9% of the TAP's social capital. This reprivatisation will take place through a direct sale of up to 44.9% of the TAP's social …
The reprivatisation law states that a financial proposal, industrial plan and strategic project will be involved in the process. The idea is to “maximise the recovery of the amounts invested” by the State.
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