Translation in English of a STAL (Sindicato Nacional dos Trabalhadores da Administração Local e Regional, Empresas Públicas, Concessionárias e Afins) press release.
Lisbon, 1 February 2019
In 2016, the portuguese construction group Mota-Engil, majority shareholder of Indáqua, the other shareholder being the German insurance group Talanx, sold its stake to the Israeli group Miya for € 60 million.
After three years, Indáqua, one of the largest private water service concessionaires in our country, is the target of a new transaction, bought this time by the International Private Equity Fund, Bridgepoint, ignoring the amounts involved in this business.
A business which, as STAL has always denounced, confirms that the financialization and growing dominance of foreign capital in the water sector, an inseparable consequence of privatization, would be a matter of time, as in all sectors open to privatization.