HomeEconomyPCP expresses "total opposition" to the privatization of EFACEC

PCP expresses “total opposition” to the privatization of EFACEC

This Wednesday, the PCP expressed its “total opposition” to the privatization of EFACEC, considering that it cannot be accepted that, after having “invested and used public resources in the company”, it should now be sold to a German fund.

In statements to journalists in the Assembly of the Republic, the parliamentary leader of the PCP, Paula Santos, stressed that the EFACEC is a “strategic company in several sectors”such as transport, technology, research or energy, and that it has been “important for the development of the country”in particular for its national production and sovereignty.

“To the government’s decision to privatize EFACEC, the PCP expresses its total opposition,” he stressed. Paula Santos considered that it was not possible to accept that, “after public resources have been invested and used in the enterprisenow the Government decides to hand it over to a German fund that will benefit from that same company”.

For the communist parliamentary leader, companies in strategic sectors, such as EFACEC, are “important for the development of the country.” “What guarantees our development is precisely the public control of this company, as the PCP has been defending,” he stressed.

The Government approved on Wednesday the proposal of the German Mutares for the privatization of Efacecannounced this Wednesday the Minister of Economy, António Costa Silva.

“Today an electronic Council of Ministers was held that selected the proposal presented by the German Mutares for the privatization of Efacec,” said the Minister of Economy and the Sea, António Costa Silva, at a press conference in Lisbon.

The official assured that the proposal was “analyzed thoroughly”, guaranteeing that it gives the executive “comfort” regarding the future and maintenance of Efacec as “a great industrial and technological project”.

Costa Silva highlighted that Mutares has in his main business (main business) to invest in companies with difficulties, showing positive results.

In recent years, the German company has carried out 75 operations of this type “with great success”, he pointed out, adding that Mutares has a team of 125 people, mostly engineers. The head of the Economy portfolio justified the choice of this company with the industrial project presented, which also retains Efacec workers.

“They studied the company and want to invest in its development in the target markets to take advantage of its turnover, namely Germany and the United States,” he said.

Source: Observadora

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