Friday, 16 December 2016

PASSOS SOLD COMPANY DAYS BEFORE THE GOVERNMENT FELL




Portugal-a week after taking office and four days before his government fell, the former prime minister signed an agreement with Angola that will have caused the state to lose 30 million euros.

On November 6, 2015, Pedro Passos Coelho sold the state's stake in three Angolan diamond mines to the National Diamond Company of Angola (ENDIAMA), which will have caused the state to lose around 30 million euros.

The news is advanced by "Correio da Manhã", emphasizing that the agreement was signed between the Angolan state company that manages the diamond sector and the Portuguese Society of Enterprises (SPE), under the supervision of the Ministry of Finance.

According to what was established in the business, the three main Angolan mines had different participations: 49% in the Sociedade Mineira do Lucapa, 24% in the Calonga mine and 4.9% in the Camutué mine, both located in the province of Lunda Norte.

At CM, Parpública, holder of the SPE, confirmed that "the dispute that directly opposed SPE and ENDIAMA, within SML - Sociedade Mineira do Lucapa, was settled on the basis of an agreement signed on November 6, 2015 between these Companies, following negotiations conducted under the guidance of the Government ".

In this pact, the entities pledged to give up all lawsuits arising from a conflict that went back to 2011. "Only the Lucapa mine was evaluated by a national bank at 150 million euros, almost 30 million euros more than the SPE received from ENDIAMA, "the paper writes on Monday.

The Sociedade Mineira do Lucapa was incorporated in 1992, and the SPE (Portuguese) had 49% of the share capital and ENDIAMA (Angolan) 51% of the capital.

Saisi!

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