Bison Capital of Hong Kong takes stake in Banco Mais of Mozambique
Executive director of the Institute of State Participation Management (IGEPE) Raimundo Matule says the restructuring of Linhas Aéreas de Moçambique (LAM) depends on work to identify structural opportunities for cost containment.
In parallel, the authorities were seeking strategic partners to recapitalise the company, he said, speaking on the sidelines of an IGEPE planning meeting organised by the Ministry of Economy and Finance.
“We are still discussing this with several partners. At the same time as we are looking for strategic partners, we are looking at the cost structure of the company to see where we can cut, and see where we can find financial resources to keep the company working, in terms of the fleet,” he said.
For the current five-year period, the IGEPE has defined four objectives: the restructuring of the state business sector; revision of the legal framework; mechanisms for supervision and reduction of fiscal risk, and; increasing revenue.