Follow Portugal Investment Immigration and Portugal News: According to reports from Portuguese media on the 17th, the country's Minister of Environment, Spatial Planning and Energy, Jorge da Silva, revealed to the media that day that the privatization project of EGF (Empresa Geral do Fomento) will be launched in the coming weeks. The company is a holding subsidiary of the Portuguese water utility and its business scope involves the recycling and treatment of urban solid waste.
EGF is responsible for approximately 3.7 million tons of solid waste annually for over 60% of the national population, involving the operation of 11 solid waste treatment systems covering 174 municipalities across the country.
Currently, 10 multinational industry giants have expressed interest in acquiring EGF, including groups from Spain, France, Brazil, and China. The company is valued at approximately 200 million euros.
