Friday, June 19, 2015

Efromovich challenges in Brussels Delivery TAP privatized … – Jornal de Negócios – Portugal

The Government does not comment on the news that realizes the intention of Germán Efromovich challenge the privatization of TAP and the delivery of the majority of the capital to the Gateway. Is concerned, according to the Public, delivery to an investor of non-European space.

Germán Efromovich will challenge the sale of 61% of TAP to the European Commission, reports the newspaper Público. The Colombian was the defeated candidate of the privatization process, two years after the government has also rejected another proposal. The Ministry of Economy, which manages the dossier through the Transport Secretariat of State does not comment.

Public account the Entrepreneur sent a formal request to Parpública, the company which controls the state shares in companies, As with TAP, to gain access to documents relating to privatization, since the reports made by the management of carrier on the two proposals to the offer made by the winning consortium, Gateway, David Neelman and Humberto Pedrosa.

Could not confirm with the Parpública this request. In turn, the Government does not, for now, comments on news. The business also failed to get clarification from the press office of the owner of Avianca.

Efromovich have any questions, according to reports the public on the implementation of EU rules regarding the prevention of outside investors Community area having more than 50% of the capital of air carriers. In the Gateway consortium, Neeleman has a majority stake, which belongs to Pedrosa, owner of Barraqueiro.

Next Wednesday, June 24, the privatization process will be formalized with the signing of the purchase and sale of 61% of the share capital of TAP. The ceremony, which will be held at the Ministry of Finance, will tell “with the presence of Minister of State and Finance, Maria Luís Albuquerque and Economy Minister António Pires de Lima, as well as the presence of the highest authorities of the Gateway group “according to a statement from the office of Finance.

The proposed David Neeleman and Humberto Pedrosa is at least EUR 354 million, but the value may rise further to 488 million euros, depending on the performance of the company. However, this is the value that involves the capitalization of the company since the state of the socket is, for now, 10 million euros.

This is another step taken around the privatization of TAP, at a time when also the Socialist Party threat could come to block the operation disagrees with the delivery of more than half of the capital to private investors.

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