Portugal not to privatise CTT in 2006-2007
Portugal’s Government will not privatise the state-owned postal operator CTT – Correios de Portugal (CTT) as part of the earlier announced 2006/07 privatisation programme, the Finance Minister, Fernando Teixeira dos Santos, said on February 22, 2006.
The government announced on February 16, 2006 a new privatisation strategy for the two-year period 2006 to 2007.
CTT’s privatisation has been discussed and analysed with Portugal’s Telecommunication and Transport Minister, Mario Lino, but the postal operator was not included in the 2006/07 programme, Teixeira dos Santos added.
According to the programme, the government will privatise in 2006 its entire stake in Portuguese pulp and paper group Portucel and the country’s state-owned energy company Galp Energia. The entire government stake in local paper distributor Inapa and part of the stake in the utility EDP – Energias de Portugal and the electricity network operator Rede Electrica Nacional (REN) are also planned to be sold between 2006 and 2007. In 2007 will be sold part of the stake that the government controls in Portuguese flag carrier TAP – Portugal.
[Editor’s note: The revenue from all privatisation operations planned for 2006 is expected to round 1.6 bln euro ($1.915 bln), the Portuguese News Digest reported on February 17, 2006.]
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