Ver Angola

Industry

Second phase privatization of industrial units postponed to May 27

The State Assets and Participations Management Institute (IGAPE) postponed to May 27 the privatization of the 13 industrial units in the Luanda-Bengo Special Economic Zone (EEZ), reviewing the prospect of financial downturn.

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The deadline for the international public tender ended this Friday, but was postponed until next Wednesday, in order to meet the requests of the various investors who plan to visit and obtain more information about the assets.

"As the state of emergency ends on Monday and there are people who are outside Luanda, we prefer to wait a while to see what measures are going to be taken and give some more time", taking into account the sanitary fence imposed in this province due to the covid-19 pandemic, he indicated a source linked to the process.

There was also a “downward” revaluation of the asset's reference prices, which include Indupackage, linked to the manufacture of metal packaging, Betonar (prefabricated and prestressed concrete), Galvanang (hot dip galvanizing), Inducarpin (carpentry), Induplas (plastic bags), Indutive (paints and varnishes) and Mangotal (metal towers).

The list includes Pipeline (PVC pipes), Telhafel (metal tiles), Transplas (PVC PE fittings), Vedatela (wire seals), Absor (absorbents) and Saciango (cement bags).

In total, privatization can earn the State around 71 million dollars, according to the reference prices of each unit.

This process follows one that occurred between 28 February and 31 May 2019, when IGAPE offered for sale a batch of seven industrial units of the EEZ - Univitro (glass processing), Juntex (mortar), Carton (carton), Absor (absorbents), Indugidet (hygiene products and detergents), Coberlen (blankets) and Saciango (cement bags).

After examining the proposals received, the IGAPE Negotiation Committee decided to award Carton, Indugidet, Juntex, Univitro and Coberlan to competitors Angoalissar, Azoria, Ecoindustry and Zeepack, with Absor and Saciango being excluded.

The units to be divested in these two phases are part of a batch of 52 that are in different stages of development - 26 fully deployed, 20 semi-finished (already with sealed lot, warehouse and offices) and seven still in containers.

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