Mota Engil submits highest bid in Portuguese waste privatization
Portugal's government has received four bids in the second round of bids from consortia interested in buying Empresa Geral de Fomento (EGF), the state-owned company specialised in solid urban waste collection and treatment. Final proposals were due on July 31st.
According to local newspaper Diário Económico, the list of bids follows:
- Portugal's Mota-Engil - €349,9 million,
- Spain's FCC - €345 million,
- Belgium's Indaver - €317,5 million
- DST - €290,3 million.
The consortium formed by Brazilian companies Odebrecht Ambiental and Solví; and the consortium formed by EGEO and Antin Infrastructure Partners rejected to submit bids due the Government's rejection to delay the submission of offers. Beijing Capital Group did not attend the meetings with the Government.
However, price is just one of the two criteria that the Government will use to evaluate the bids. The Government will use assess the plans for development of the company of each of the bidders and their experience in waste management.
The winning bidder will assume a debt of €200 million of EGF. There is no a set deadline to announce the winning bidder of the privatization process.
Consultancy firm Roland Berger had initially valued EGF at between €140 million and €200 million.
Portugal's government approved the privatization of EGF in January as part of an asset sale programme to meet the terms of the EU-IMF bailout.
Country news
-
-
September 08, 2014
Mota Engil preferred bidder for EGF sale
Suma, a subsidiary of Portuguese construction group Mota-Engil, is the preferred bidder for the re-privatisation of Portguese waste company Empresa General de Fomento (EGF), according to Portuguese financial daily Diário Económico. Read more -
December 02, 2014
Wren House and Macquarie fund acquire Eon assets in Spain and Portugal
E.ON has agreed to sell all of its Spanish and Portuguese businesses to Macquarie European Infrastructure Fund IV (Macquarie Infrastructure and Real Assets) and Wren House Infrastructure. Read more -
February 24, 2015
Vinci Park to buy Empark
Vinci Park is close to sign the acquisition of Portuguese car parking operator Empark. Read more -
April 10, 2015
Coimbra launches car park concession
The Municipality of Coimbra, Portugal, has launched a tender process for a car park concession in the Convention Cultural Center located at the Convent of St. Francisco. Read more -
April 16, 2015
Portugal announces renegotiation of six road concession contracts
The government of Portugal through Pires de Lima, the coutry's economy Minister, has announced the renegotiation of six road concession contracts. Read more
