The headquarters of the DST group is located in a town near Braga. It was the only investor to go through the final stages of EFACEC’s re-privatization, announced Parpública, which is leading the sale of the company. The rest of the national and international stakeholders remained on the sidelines.
DST Group specializes in design and construction. But he is expanding his business in other areas and is present on several continents. This promises a strong investment in capitalizing EFACEC. Ensures the preservation of all jobs.
Efacec continues to experience financial difficulties. A new loan of 45 million euros is expected. In total, they amount to 70 million euros, which the company has already received and which in the meantime has already been spent.
In RTP, the administration has confirmed that it has new contract orders. It is assumed that there was a shortage of raw materials, but it is said that this is a consequence of the pandemic.
EFACEC insists that it is a benchmark and economically viable company. At RTP, he expected the group’s revenues to exceed 200 million euros. With regard to the ongoing reprivatization process, EFACEC did not comment.
In protest at the doorstep of the company, workers are demanding the resignation of management and are challenging the sale of EFACEC. Workers fear for the future of EFACEC. They ask to nationalize the company. But the government has already said it wants the deal to close before the end of the year.
