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"Up to now, the UAS (State Business Sector Monitoring Unit) has received about 20 spontaneous expressions of interest from entrepreneurs and national enterprises, but also foreign investors, some of them having already made important investments in the country, "the Cape Verde government said in a press release.
The privatization of TACV Cabo Verde Airlines provides for the total sale of the company, reserving up to 51% of the capital to a strategic partner, up to 39% of the shares for institutional investors and up to 10% for Cape Verdean company employees and emigrants.
For the strategic partner, he must have "relevant experience" in international passenger air transport and technical and managerial expertise in the aviation sector, as well as the capacity and ability to financial capacity
. the manager who will acquire the company will have to manage for a minimum period of five years and a maximum of 10 years.
Last week, at the opening of the debate on the state of the nation, Cape Verdean Prime Minister Ulisses Correia e Silva, said the Icelandic group Icelandair has submitted a proposal to acquire 51% of Cape Verde Airlines (TACV).
The TACV Cape Verde Airlines is being restructured and the government signed a management contract with Icelandair last year.
As for the workers and emigrants, who can acquire 10% of the capital, will benefit from a reduction of 15% per share, in a right to be exercised within a maximum period of 30 days and 60 days, to count the start date of the transaction.
With a cumulative debt of more than 100 million euros, which has changed its operational base from the Cape Verdean capital to the island of Sal, now only ensures international connections, after the transfer of the domestic market to Binter Cabo Verde
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