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
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