Lisbon to sell off state companies to Emirates

Published on 27 July 2010 at 10:31

Cover

“Arab funds interested in Portuguese privatizations”, writes i. The Lisbon daily explains that megafunds from the United Arab Emirates (UAE) "are shopping in Portugal", as the government prepares to sell off state owned companies in the energy and aviation sectors. With the government hoping to earn about six billion euros, foreign investors are also eyeing acquisitions in tourism and new technologies. Qatar Holding and Mubadala, from Abu Dhabi, and ADIA (Abu Dhabi Investment Authority), the largest sovereign fund in the world, are currently in formal negociations with Lisbon, as it seeks new investment sources and trading partners for the ailing economy.

Tags

Was this article useful? If so we are delighted!

It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.

Discover our subscription offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic