Portugal grabs assets of Isabel Dos Santos
Government seizes stake in engineering firm Efacec Power Solutions from Angolan investor Isabel dos Santos
Lisbon — The Portuguese government took control of a stake held by Angolan investor Isabel dos Santos in Efacec Power Solutions as it tries to help the manufacturer find a new shareholder.
The 72% stake in Efacec was held through Malta-based firm Winterfell 2, which is indirectly controlled by Dos Santos, economy minister Pedro Siza Vieira said in Lisbon on Thursday after a cabinet meeting. The government will immediately start a plan to sell the stake and there are already proposals from various companies, he said...