Radar > 224527

Portuguese Government changes legal regime to privatize Finangeste

Governo português está a alterar regime jurídico para privatizar Finangeste

Intel ID : 224527
Synopsis

Council of Ministers approved a change within legal regime applicable to Finangeste, a company created in 1992 nationalizations in the banking sector, so it can be sold.

The Government announced that Finangeste will adapt to Code of Commercial Companies' regulations, and revoke rule that qualifies it as financial company, and revokes its statutes.
(content in portuguese)

O Conselho de Ministros aprovou a alteração do regime jurídico aplicável à Finangeste, empresa criada em 1992 no âmbito das nacionalizações no sector bancário, para que possa ser vendida.

Em comunicado, o Governo anunciou que a Finangeste irá adaptar os respectivos estatutos ao Código das Sociedades Comerciais, sendo revogada a norma que qualifica a empresa como sociedade financeira, sendo também revogados os seus estatutos.

Target


Intel ID 224527
Value ND
Native Currency Euro (EUR)
Financial Data - Finangeste
(31 Dec 2022)
Revenue: EUR 3,44m
EBITDA: EUR 0,62m
Net Debt: EUR 5,54m
People: 33
Date
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Subsector (Old TTR Sectors)
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Intel Grade
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Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.04.02 Credit Collections & Related Services
25 Financial Services / 25.04 Other Financial Services

Country
Website
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.