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Portugal set to make asset sale target

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Portugal set to make asset sale target


Portugal is reportedly set to beat its privatisation revenue goal by selling airport operator ANA to French construction firm Vinci in a deal worth about 3 billion euros. Lisbon is under pressure to get the most it can from state-owned asset sales after it agreed to raise 5.5 billion euros by the end of 2013 as part of a 78 billion euro bailout agreement with the troika of EU/IMF lenders, which also included across-the-board tax hikes and spending cuts.

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