At the Commission of Infrastructure, Mobility, and Housing, Miguel Pinto Luz recalled that invitations have been extended to three independent personalities, with extensive knowledge of privatization laws, to join the special monitoring committee of the process.
The purpose of this committee is to support the government in pursuing principles of transparency, rigor, and impartiality in the reprivatization. It will be chaired by Daniel Traça, former director of the Nova School of Business and Economics (Nova SBE), and will also include contributions from Luís Cabral and Rui Albuquerque.
“I believe that parliament should have every opportunity to scrutinize, whether from a formal or informal standpoint,” the minister said, responding to questions from Chega about the creation of this committee.
“From a formal standpoint, my suggestion is not to alter what has already been done, including the invitations extended to the three individuals. Therefore, I challenge this parliament to create a parallel committee, solely to monitor the privatization,” he added.
“We must respect the individuals who agreed to be part of the national monitoring committee. They are professors and independent,” he emphasized.
During the regular hearing, Miguel Pinto Luz also commented that the management of TAP “was outdated, but no longer is.”
Regarding the ongoing privatization process, which foresees the sale of up to 49.9% of TAP’s capital, with 5% reserved for employees, he emphasized that the decision aimed to “maximize value.”
The minister openly maintained his personal belief that selling 100% would be preferable. However, he stressed that what matters is “democracy” and that the chosen path seeks “the greatest possible consensus within parliament,” noting that the current terms of reference also open the door to participation by non-European groups.
