Connect with us


Ricardo Machado buys the former estate of Espiritu Santo from the Spaniards – Agriculture and fisheries



Ricardo Machado buys the former estate of Espiritu Santo from the Spaniards - Agriculture and fisheries

Ricardo Machado is the new owner of it all: 7,300 ha, of which 1,200 ha are tourist hunting grounds reserved for famous national and international hunters during the period allotted for hunting big game such as deer, fallow deer, mouflon, corsair or wild boar . .

This is Herdade do Vale Feitoso, the largest gated private property in Portugal and one of the giants of the Iberian Peninsula.

Located in Idanha a Nova, Castelo Branco area, it was bought by the Espírito Santo (GES) group in 2004 and converted by the Salgado into a kind of family estate, a place for parties and hunting with friends.

Meanwhile, the GES collapsed and the owner of the Companhia Agrícola de Penha Garcia estate, named after a village in Idanha with just over 500 inhabitants, went bankrupt.

The BES heir later seized these assets and the company was declared insolvent in February 2017, during which Novo Banco demanded a €53.3 million loan.

Since the end of 2018, the bankrupt Peña Garcia estate has been promoting various sale procedures with successive price reviews, as it was sold to a real estate investment fund owned by the Spanish group Tenigla last year.

Purchase for an amount “far in excess” of the 20.7 million paid by the Spaniards.

Herdade do Vale Feitoso has now passed into the hands of Ricardo Machado at a price “well in excess” of the €20.7 million paid by the Spaniards, the Portuguese businessman assured Negosios, without disclosing the exact value of the deal.

See also  18 Chinese tech shares soar 200% as a big marketplace relaxes its IPO rules

Machado assures that he will “support the entire investment plan of 50 million euros” that the Spanish group announced for Vale Feitoso, making it a “self-sustaining estate”, as its goal is to bet “on the acquisition of more forest areas”. “.” in our country.

With the acquisition of the former estate of Espírito Santo, the Portuguese businessman, who has succeeded in business projects in several African countries, intends to “follow a plan to reorient the geographical presence of his investment portfolio, reducing his presence on the African continent and increasing the stakes on Europe and, in particular, on Portugal,” Machado explains in a note sent to Negosius.

In the context of this territorial reorientation strategy, the Portuguese businessman adds that “he sold his assets in the multilateral bank Afreximbank and in a commercial bank in Ghana, including other real estate assets, some of which are related to retail, which he owned in the same African country. “.

Its aim, he says, “is to continue and expand the Herdade do Vale Feitoso transformation project that the Spaniards started and which includes a combination of stakes in forestry and livestock, tourism and hunting.”

The project adds to other investments Machado says he already has in Portugal, “in the centre, in the south and in the islands, in agri-food, tourism and energy areas.”

Millionaire lawsuit against General Electric and the state of Angola

Meanwhile, Ricardo Leitao Machado and his company AEnergy are “continuing several litigations in civil and arbitration courts in the US, UK, Switzerland and Angola against the US group General Electric and the Republic of Angola.”

See also  Hooters restaurant chain accused of turning employees' uniforms into "underwear"

Machado is holding them “for breach of contract, fraud and non-contractual damages related to 13 contracts and investment projects in Angola worth US$1.2 billion that were unilaterally terminated by the Angolan state, including the subsequent illegal expropriation of equipment and other assets.” Aenergy,” he accuses.

On this occasion, last April it became known that the US justice refused to consider the case initiated by AEnergy against the Angolan state, so now the case will be considered in Luanda.

On May 7 last year, the company filed a lawsuit in New York Federal Court against the American company General Electric and the government of Angola, seeking compensation of about $550 million (more than $539.3 million) for termination of contracts.

The case concerns 13 contracts signed between Aenergy and the Ministry of Energy and Water Resources (Minea) in 2017 for the construction, expansion, conversion, operation and maintenance of power plants in Angola.

This is a civil lawsuit filed by Aenergy, owned by Ricardo Leitao Machado, and its subsidiary Soyo SA combined cycle power plant against Minea, the Ministry of Finance, Empresa Pública de Produção de Eletricidade (ENDE) and the National Electricity Distribution Company (Prodel), named ” Angolan Defendants” and against three General Electric (GE) corporations, a former commercial partner of the prosecutor.

Aenergy’s original indictment in New York Federal Court, filed in May 2021, charges the “Angola defendants” with eight offenses, including two offenses of termination of contract, one of illicit enrichment, two of breaking the law (physical and intangible assets) and the crime of illegal expropriation.

See also  Lagarde says the ECB will end negative interest rates at the end of the third quarter

Aenergy has been embroiled in a dispute with Angola since Angola’s chief executive terminated several contracts with the company in 2019, alleging a breach of trust due to alleged breaches, allegations the company denies, ensuring it warned Minea and completed several projects. without receiving payment.

(News updated at 18:48)

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

Continue Reading


The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

Continue Reading


See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

See also  Lagarde says the ECB will end negative interest rates at the end of the third quarter
Continue Reading