Mission

PARPÚBLICA, Participações Públicas, SGPS, SA, a Management Company of Social Participations of exclusively public capital, created by Decree-Law in late 2000, constitutes a State instrument for the management of holdings in companies undergoing privatization, supporting the processes privatization, in accordance with the programmatic lines defined by the Government and aligned with the assumptions inherent to the Economic and Financial Assistance Agreement between the Portuguese State and the international Troika (European Commission, European Central Bank and International Monetary Fund).

The missions committed to PARPÚBLICA by the diploma that constituted it are carried out through the mechanisms of a Public Participation Management Company (SGPS), that is, through its portfolio of participations and through the provision of tutelage services.

As an SGPS, one of its essential functions is to manage the assets included in its portfolio, within the framework of the privatization program approved by the Government, under the specific conditions determined for each operation by the respective legal diplomas, approved by the Council of Ministers .

In addition, the company can also support company restructuring processes and must support the exercise, by the Minister of Finance, of financial supervision over State companies and concessionaires of services of general economic interest.

PARPÚBLICA also acts as a provider of technical support services in several areas, namely in support of the sale process of the accessory portfolio held by the Directorate-General for Treasury and Finance (DGTF).

Another area where PARPÚBLICA develops its activity is the management of public real estate assets, through subsidiary companies with a specialized object, which has been the area of ​​activity that has grown the most in recent years and the one that has become more relevant in the activity of group, alongside the management of shareholdings, which until now has been the main area of ​​operation.

Goals

1. Creating Value as an objective in the management of the group's assets

The proper management of the shareholding portfolio constitutes the essential part of the activity carried out by PARPÚBLICA, which is pursued aiming at the objectives of the best possible sustainability and profitability. To this end, business restructuring processes that best suit this aim should always be initiated, within the framework of the specific nature of the company's objectives, which must articulate its performance according to the Government's political and programmatic options, within the scope of management of the State's asset portfolio.

The central objective in the area of ​​business development is the creation of value and the maintenance of the company's financial strength, which is why it is necessary to ensure the growth of net results and equity, which implies the need to contain indebtedness at compatible levels. portfolio profitability.

The profitability of their holdings includes the sale of those that are not considered strategic or for which there is no capacity to create value, in which case it will be necessary to promote their previous restructuring or even their extinction, when it is concluded that they are not viable. For the others, appropriate conditions must be created to improve their management effectiveness so that, in relation to those that remain in the public sphere, there is a positive contribution to the PARPÚBLICA Group's profitability objective.

The company's performance model and future strategy will have to guarantee the possibility of its continuity as an instrument of Government action in the management of State assets, which presupposes the maintenance of its financial sustainability and rating levels .

- Execution of the Privatization Program and Redefinition of the company's Mission and Strategy

The deepening of the privatization program, as a result of the Government's programmatic options and in line with the agreement with the international Troika, under the terms of the Economic-Financial Assistance Agreement to Portugal, requires the definition of solutions and strategies to ensure its sustainability and balance economic and financial, while safeguarding the essential contribution of privatized companies to the development of the national economy and the pursuit of public interests.

1. Real estate activity - Property management

Support to the State in the management of real estate assets is another of the lines of action of the PARPÚBLICA group, translating into the action developed in the commercialization of surplus assets of the State, as well as in the development of urban studies that allow the realization of the potential value of assets , before its sale.

In this line, the company should also build solutions that allow the State to provide new spaces for the installation of public services.