Empresa Geral do Fomento privatisation

27/7/2015
Privatisation

€ 149.9 million

$ 159.632 million

Completed

27/7/2015


Overview:

  • Empresa Geral do Fomento, a company responsible for municipal solid waste management and treatment activities in mainland Portugal, completed its privatisation. 
  • SUMA - Serviços Urbanos e Meio Ambiente, a consortium led by construction company Mota-Engil and Spanish construction and services company Urbaser, was the the winning bidder in the process with an offer of €149.9 million. 
  • The consortium beat off bids from seven other countries in the process. 
  • The process came as part of a sale of state assets required as one of the conditions of the county's three-year EU/IMF bailout. 

John Crabb - Journalist 

Jurisdiction:

Portugal

Deal type:

Privatisation

Practice area:

M&A

Governing law:

Portugal

Industry sector:

Social infrastructure


Firms:

Party: The Portuguese Republic (Seller)


Party: SUMA - Serviços Urbanos e Meio Ambiente (Acquirer)