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By staff

Paulo Raimundo, General Secretary of the Portuguese Communist Party.

Porto, Portugal – At an event in Porto on July 4 attended by around 200 people, leaders of the Portuguese Communist Party (PCP) firmly condemned the privatization of a key state energy company, Efacec, to a German shareholder. Mutares, the German shareholder, submitted a bid to acquire a 71% ownership of the currently nationalized company that specializes in transformers, appliances and equipment, automation solutions and electric mobility.