Angolan state in ownership of 26% of Efacec Power Solutions
Angola, Luanda: The Angolan State owns 26 percent of Efacec Power Solutions after the Angolan President authorised the National Electricity Distribution Company (ENDE) to buy 40 percent of Winterfell Industries, Macauhub reports.
Angola, Luanda: The Angolan State owns 26 percent of Efacec Power Solutions after the Angolan President authorised the National Electricity Distribution Company (ENDE) to buy 40 percent of Winterfell Industries, Macauhub reports.
As previously reported by Transformers Magazine, Winterfell Industries, a company led by Isabel dos Santos, bought a 65 percent stake in Portugal’s Efacec Power Solutions from major shareholders the José de Mello and Têxtil Manuel Gonçalves groups, for more than $220 million.
The purchase by the state company ENDE is based on the “need to carry out strategic investments to strengthen the operating capacity of the Angolan public business sector” in the area of energy, Macauhub cites the justification of the president’s order.
Source: Macauhub
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