The Institute for the Management of State Assets and Participations (IGAPE) informs, in a statement released this Monday, that it has completed the privatization of the fourth wave of the industrial units of the Luanda-Bengo ZEE, with approval of proposals awarded to three competitors.
For the INDUCON industrial unit, the proposal of the competitor Casanova – Home & Office, Lda was approved, LABCONTROL was approved for the proposal of the competitor Angomelhor – Comércio e Indústria and the Tensão – BT unit the proposal of the competitor Utrastone, Lda.
These proposals, "whose payment guarantees have already been provided", represent a cash inflow for the State in the global amount of 1,451,500,000 kwanzas, which "will be settled within 180 days of the respective signing of the contracts", says IGAPE.
According to IGAPE, the proposals for the acquisition of the INDUCAMAR, SIDUREX and PIVANGOLA units were not awarded because situations were detected that "indicate behavior by the competing entities that indicate practices that restrict competition in public procurement".
The Competition Regulatory Authority (ARC) has already been official on the matter, refers in the statement.
The units not awarded, underlines the IGAPE, should be submitted again to tender through electronic auction, "an instrument that has proven to be a transparent and quick mechanism" in the transfer of assets to the private sector.
The privatization of industrial units in the ZEE is part of the Government's Privatization Program (ProPriv), approved in 2018, which includes the privatization of various assets and/or state-owned companies in the sectors of banking, insurance, industry, agriculture, telecommunications and others.
IGAPE's mission is to regulate and monitor the public business sector, implement the privatization and restructuring policy and programme, manage and control the State's financial holdings and monitor and supervise the management of financial assets and public funds.