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Lusa becomes 100% owned by the State

“Through the Treasury and Finance Department, 58,000 shares of Lusa were acquired at 2.50 euros each, previously held by NP – Notícias de Portugal, Cooperativa de Utentes de Serviços de Informação, CRL,” the Ministry of the Presidency stated in a communiqué, noting that this purchase follows the acquisition previously completed of the stake held by RTP.

The State now holds 2,129,690 shares, representing the entire capital stock of Lusa, amounting to 5.3 million euros, thereby concluding measure #7 of the Action Plan for Social Communication (PACS), the statement adds.

The Ministers of State and Finance and the Presidency approved a draft of new statutes for Lusa, which modifies the company’s governance model with the aim of reinforcing its capacity and executive agility, as well as the independence of the agency’s informational and news activities from political, economic, social, and sports powers, the communiqué reads, noting that meetings are scheduled for next week.

Meetings are scheduled with the Board of Directors, the Information Directorate, and the Workers’ Committee of Lusa, as well as the ERC [Regulatory Authority for the Media], to exchange views on the new model, which will take place on November 26, prior to the shareholders’ resolution to approve the statutes.

The Government emphasizes that this initiative implements measure #8 of PACS.

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