Lisbon to sell off state companies to Emirates

Published on 27 July 2010 at 10:31


“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.

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