Radar > 221521

Government of Cape Verde placed Hotel Atlântico's shares for sale

Governo de Cabo Verde coloca a venda acções que detém no Hotel Atlântico

Intel ID : 221521
Synopsis

The Council of Ministers granted Cristina Duarte powers to sell Hotel Atlântico's shares controlled by Government of Cape Verde. With this sale, the Government should received a profit of approximately CVE 45m (approximately EUR 0.408m).

In 2005, the Government signed a contract to explore the hotel jointly with Cabetur Hotéis, within a restructuring program, which was never carried out.
(content in portuguese)

A resolução do conselho de ministros que concede a Cristina Duarte poderes para vender as acções detida pelo Estado de Cabo Verde na empresa Hotel Atlântico. A alienação da totalidade das acções deverá render ao Estado CVE 45m (aproximadamente EUR 0,408m).

Em 2005 o governo assinou um contrato de exploração do Hotel com a Cabetur Hotéis, enquadrado num programa de reestruturação, que entretanto nunca foi concretizado.

Target

Seller


Intel ID 221521
Value EUR 0,41m (Approx.)
Native Currency Euro (EUR)
Date
Country
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
Subsector (Old TTR Sectors)
Services and Distribution / Tourism, Hotels and Restaurants (Primary)
Country
Description

Seller

Name
Subsector (Old TTR Sectors)
Services and Distribution / Other Services (Primary)
Country
Description

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.