The government of Portugal has initiated its privatization program in order to kick start its economy. Already, Chinese investors have taken major stakes in EDP, Portugal's largest utility company, and in power grid operator REN.
In addition to the €78 billion, three-year EU/IMF bailout package it is receiving, the Portuguese government has introduced an incentive scheme to entice more investment in the country's international aviation company, airports and postal services.
On June 7, 2012, Gonçalo Falcão, a Portuguese partner with Tauil & Chequer Advogados in association with Mayer Brown LLP, and Pedro Cardigos, of the Lisbon-based law firm CARDIGOS, will be discussing:
- The political framework of Portugal's new privatization plan
- Privatizations that have already occurred
- Future privatizations on the horizon
Instructions for accessing the program will be sent prior to the event.
For additional information, please contact Madeleine Moulton at email@example.com or +1 212 506 2331.
Mayer Brown's Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm's global resources from multiple practices and offices, the Initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.