CHINT Group Corporation, from China, is one of the five bidders for the majority of the capital of Portugal´s leading energy components producer, Efacec.
Of the five binding offers for the next phase of Efacec´s privatisation, three companies are foreign and two are Portuguese, according to Portugal’s Minister of Economy, Pedro Siza Vieira.
The companies that move on to the next phase are DST, CHINT Group Corporation, Iberdrola, Elsewedy and Sing – Global Investments, the Minister of Economy announced.
Pedro Siza Vieira now admits he intends to conclude Efacec’s privatisation this summer. The company “quickly needs to find an investor” that will give continuity to the company, he explained.
Portugal´s Government takes Control of Efacec from Isabel do Santos and Looks for New Shareholder
Founded in 1984, CHINT is a global provider of smart electrics, green energy, industrial control and automation, smart home solutions and incubator, forming an integrated whole industry chain of “power generation, storage, transmission, substation, distribution, sales and consumption”.
It is active across over 140 countries and regions, with more than 30,000 employees and annual sales of over USD 11.4 billion.
CHINT has been ranking among China’s Top 500 companies for 18 consecutive years.
CHINT´s pillar businesses include photovoltaic equipment, energy storage, power transmission & distribution, low-voltage apparatuses, intelligent terminals, software development and control automation.
