Privatization

The actors in the process for privatising companies in the public market sector are the
following:   

  • The business prepares the components of the privatisation portfolio which namely contains the diagnosis and enhancement of the business or the asset to be ceded.  
  • The Share Management Company (SGP) initiates the call for tenders, conducts the negotiations and prepares the portfolio to be presented to the State Shares Council (CPE).  
  • The Ministry for Industry and Investment Promotion (MIPI) examines the statement and ensures the compliance and coherence of the portfolios prepared. by the SGPs. It plans the portfolios to be presented to the CPEAs the authority responsible for permanent secretaryship of the CPE, the MIPI organises and monitors the privatisation operations: it estimates the value of the business or assets to be ceded, ensures the study and selection of tenders and establishes a detailed report on the tender retained.  
  • The State Shares Council (CPE) ultimately decides on the privatisation portfolios.   
  • The MIPI ensures the monitoring of the transactions. 

In the case of large businesses:   

  • The process is monitored by the MIPI;   
  • Assistance is entrusted to the consulting firm and/or merchant bank;   
  • The SGPs and EPEs are directly involved in the process.