Latest news and stories about nationalisation in Portugal for expats and residents.
Pedro Siza Vieira explained that 'the company was facing many difficulties' and that the decision was taken to 'prevent the company from ending up in a situation where it would die because of a shareholder deadlock'.
Former Minister of Economy and Digital Transition Pedro Siza Vieira said on Wednesday he regretted that the Court of Auditors had not questioned him when carrying out the audit into the Efacec nationalisation process. The former minister added that the decision to intervene in the company came after attempts to find a solution had failed...
The nationalisation of Efacec, in the summer of 2020, took place in a 'context of absolute emergency', at a time when the country was living through a 'dramatic situation' due to the COVID-19 pandemic and after having suffered the 'brutal impact of the Luanda Leaks', argued former Secretary of State for Finance and former Secretary of State for the Treasury João Nuno ...
