The Council of Ministers approved on Thursday a decree of law to nationalize “71.73% of Efacec’s share capital”, an “intervention by the State that seeks to enable the continuity of the company”, which was immediately promulgated by the President of the Republic , Marcelo Rebelo de Sousa.Today, BE submitted the parliamentary assessment of this diploma, remembering that Efacec “is the oldest and most important technological company in the country” and “is a reference company in the areas of energy, environment and mobility and is present in markets of the most varied geographies “, employing 2500 workers.” Currently, however, the company faces a serious financial problem and difficulties in the commercial and operational plan. Following the Luanda Leaks case, the determination of the arrest of Isabel dos Santos led to a situation of impasse in the company, however aggravated by the context of the pandemic of the covid-19 “, he said.
Thus, the Government decided to proceed with the nationalization of Efacec, “with a view to safeguarding the national public interest”, quoting the Council of Ministers’ own communiqué.
“Now, we regret that the defense of the public interest is only temporary and that the nationalization of Efacec has the real objective of preparing the company to be sold later, ‘in the shortest possible time’. This is provided for in article 9 of the decree- law, which raises the biggest reservations “, criticized BE.
BE has been an advocate for public control of this company, which it considers “to have an unavoidable economic and strategic value and which may be the engine of the energy transition in the country”.
Minutes after the decision announced at the Council of Ministers on Thursday, in parliament, PCP deputy Diana Ferreira announced that the communists will present a parliamentary appreciation to the decree-law to correct the decision.
According to the communiqué issued by the Council of Ministers on Thursday, “State intervention must still be carried out for a limited period of time and with a view to temporarily resolving the respective situation, with immediate reprivatisation envisaged, to be executed as soon as possible. possible term “.
The Government considered that “the repercussion of the events related to the shareholder structure of Efacec Power Solutions, particularly the effects of asset foreclosure of some of its shareholders, led to the impossibility of exercising the rights inherent to the holdings that correspond to the majority of the company’s capital. , generating several difficulties in the commercial and operational plan and, consequently, aggravated the financial situation of this, situation that has been deteriorating at an accelerated pace “.
This process stems from the departure of Isabel dos Santos, daughter of former Angolan President José Eduardo dos Santos from the capital of Efacec, following the involvement of her name in the ‘Luanda Leaks’ case, in which the International Investigative Journalism Consortium revealed, on January 19, more than 715 thousand files detailing alleged financial schemes of the businesswoman and her husband that will have allowed them to withdraw money from the Angolan public purse through tax havens.
The Angolan businesswoman had entered the capital of Efacec Power Solutions in 2015, after buying her position from Portuguese groups José de Mello and Têxtil Manuel Gonçalves, who are still shareholders of the company, currently facing the group with serious financing difficulties due to the crisis shareholder going through.