Glass Factory Privatization Process Recognised

Angola's minister of Finance Jose Pedro de Morais, recognised recently the privatization process of at least 25 percent of the State participation in the Angolan Glass Factory (VIDRUL), in the ambit of the 2001-2005 privatization's strategy and policy, approved by the Cabinet Council, states an official source.One of the latest editions of the Republic Gazette made available to Angop today, indicates that the privatization process of Vidrul falls back in favour of the "BGI - Societ' des Blasseries" and Glacieres Internationals group, in a value estimated at USD 750,000, according to the rehabilitation programme presented by the investor.The Finance minister guides the competent registry office and fiscal division to proceed with the registration of the actions and property in favour of the creditor, in terms of the legal papers issued by the Business Reevaluation Office (GARE).This will guarantee the application with rigour and promptness of the subsequent steps for the privatization of State-own firms.

Angola's minister of Finance Jose Pedro de Morais, recognised recently the privatization process of at least 25 percent of the State participation in the Angolan Glass Factory (VIDRUL), in the ambit of the 2001-2005 privatization's strategy and policy, approved by the Cabinet Council, states an official source.

One of the latest editions of the Republic Gazette made available to Angop today, indicates that the privatization process of Vidrul falls back in favour of the "BGI - Societ' des Blasseries" and Glacieres Internationals group, in a value estimated at USD 750,000, according to the rehabilitation programme presented by the investor.

The Finance minister guides the competent registry office and fiscal division to proceed with the registration of the actions and property in favour of the creditor, in terms of the legal papers issued by the Business Reevaluation Office (GARE).

This will guarantee the application with rigour and promptness of the subsequent steps for the privatization of State-own firms.

600450 Glass Factory Privatization Process Recognised glassonweb.com
Date: 30 April 2004
Source: All Africa

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