Sunday

4th Dec 2016

Ticker

Portugal sells state insurance to Chinese

Portugal will sell off the insurance arm of state bank Caixa Geral de Depositos for €1bn to Chinese Fosun as part of privatisations agreed in return for receiving financial aid from the EU and IMF. The new sale brings the Portuguese privatisation revenues to €8.1bn, 47 percent above its goal.

News in Brief

  1. Talks on wholesale roaming rules to start
  2. Lead MEP Dieselgate committee: Italy and Slovakia will cooperate
  3. Transparency NGO sues EU commission on Turkey deal
  4. Pro-EU liberal wins UK by-election
  5. Finnish support for Nato drops, Russia-scepticism grows
  6. Cyprus talks to resume in January
  7. Documents from German NSA inquiry released
  8. Transport commissioner 'not aware' of legal action on emissions

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