Buy while it lasts, they aren't making no more!

In Spanish, for those who know.

http://internacional.elpais.com/internacional/2012/12/18/actualidad/1355855843_527906.html

"Government puts Portugal up for sale"

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Jose Pinto
In Spanish, for those who know.

http://internacional.elpais.com/internacional/2012/12/18/actualidad/1355855843_527906.html

"Government puts Portugal up for sale"

Will it go for more than a new E30?

Barely...
If only there were new E-30!


TAP, the national airline, will go for 25M€.
Considering it turned 1800M€ in 2011, and operates with profit in the transport business, loses money in some POS handling company in Brazil.
Solution? Handle it over to some Brazilian guy in a rush, before most people notice waht's going on.

Quote
Jose Pinto
In Spanish, for those who know.

http://internacional.elpais.com/internacional/2012/12/18/actualidad/1355855843_527906.html

"Government puts Portugal up for sale"

Hi Jose,

Egad!

The article is a little above my Spanish level. So were the electric company, the public tv stations, and the airports sold as well?

It's so hard for me to believe that the electric company was sold to the Chinese Three Gorges company. Sounds like trouble. I mean a country could "kick out" an airline because the planes could fly away. However the electric company will not be flying away.

:-/. Kelly

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Kelly

Quote
Jose Pinto
In Spanish, for those who know.

http://internacional.elpais.com/internacional/2012/12/18/actualidad/1355855843_527906.html

"Government puts Portugal up for sale"

Hi Jose,

Egad!

The article is a little above my Spanish level. So were the electric company, the public tv stations, and the airports sold as well?

It's so hard for me to believe that the electric company was sold to the Chinese Three Gorges company. Sounds like trouble. I mean a country could "kick out" an airline because the planes could fly away. However the electric company will not be flying away.

:-/. Kelly

The electric company won't fly anywhere, the millions it makes of profit however will land in side a China public company....
The worst is there is no way to recover the company back from the Chinese governemnt, except to nationalize back again, Evo Morales style, and China is no pushover...

The Airline deal was not closed at the last moment by lack of bank deposits, but it is to sell. Once TAP is sold, it will likely be break up nad merged inside the buying group, and Portugal will lose the hub of intercontinental routes.

The Airports (all of them) are gone to the French "Vinci" to exploit for 50 years.

Everything else will have to go, bid now!