The Ministry of Finance and the Ministry of Tourism and Transport, through the State Business Sector Monitoring Unit (UASE), have announced the completion of the privatisation process of CV Handling, with the selection of Swissport International AG to acquire a 51% shareholding in Cabo Verde Handling, S.A.
The selection of Swissport International AG as the private partner was based on the overall merit of its initial binding proposal, as well as its improved and final binding offer submitted following the negotiation phase.
The Government noted that the selected proposal offers significant benefits to CV Handling and the country. It highlights a strong commitment to employees through job retention and the development of local talent, alongside skills enhancement and access to international best practices. The proposal also aligns with the company’s strategic objectives and is expected to support the expansion of the air hub and contribute to national economic development.
