Highlights

The Bill 91.18 on the transfer of public companies to the private sector approved by the House of Representatives at second reading : 21/01/2019

The Bill 91.18 on the transfer of public companies to the private sector approved by the House of Representatives at second reading

The Committee on Finance and Economic Development in the House of Representatives approved at second reading, Monday, January 21st 2019, the Bill No. 91.18 amending and supplementing the Law No. 39.89 allowing the transfer of public enterprises to the private sector.

The amendments to the Bill focused mainly on the alignement with the provisions of the 2011 Constitution, especially Article 71 on the field of the law, as well as improving the text on the legal level.

This bill sets out to accompany the privatization program within the framework of a new vision allowing the opening of the capital of some companies operating in competitive sectors and which have the required criteria in terms of maturity, growth, investment opportunity and the ability to access new markets, besides the economic and financial feasibility for the institutions involved.​