July 25, 2014 12:42 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Empresa Geral do Fomento SA

Company Overview

Empresa Geral do Fomento SA produces biogas from waste pits to be used in electricity production. The company is based in Lisbon, Portugal.

Av. da Liberdade, 110 – 5º

Lisbon,  1269-042

Portugal

Founded in 1948

Phone:

351 21 323 0700

Fax:

351 21 347 2642

Key Executives for Empresa Geral do Fomento SA

Empresa Geral do Fomento SA does not have any Key Executives recorded.

Empresa Geral do Fomento SA Key Developments

Odebrecht-Solví Eyes EGF

Odebrecht Ambiental S.A. and Solví Participações S.A. have advanced to the second phase of the bid process to acquire Empresa Geral do Fomento SA. Portugal's government approved the privatization of EGF, a subsidiary of AdP -Aguas de Portugal,SGPS, S.A. in January 2014. Seven bids are being considered by Portugal's environmental ministry. EGF is reportedly valued as high as €250 million, according to Brazilian newspaper Valor Econômico. Among the bidders, are Portuguese and Chinese groups, as well as Fomento de Construcciones y Contratas, S.A. (CATS:FCC).

Fomento de Construcciones Reportedly Places Offer For EGF

Fomento de Construcciones y Contratas, S.A. (CATS:FCC) has placed a non-binding offer for Empresa Geral do Fomento SA (EGF), Reuters reported citing two insiders. One of the sources stated that the offers exceeded €100 million ($136.5 million). The other sources stated that Fomento de Construccioneswas in talks with Portuguese entities to potentially establish a consortium to submit a binding offer for EGF.

Portugal Govt Approves Start Of EGF Privatization

The Portuguese government approved the start of the privatisation of Empresa Geral do Fomento SA (EGF). The council of ministers intends to sell 100% of the company's capital through a public tender

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