| |||||||||||||||||||
 |
| ||||||||||||||||||
|
|
Mr Snousi Mohammed told El Khabar that he will present to the State’s council of participations four files in relation to the privatisation of four branches of the National company of navigation. These four subsidiaries are being announced in bids, the latest one is the Maghreb Lines’s branch. The same exclusive made it clear that the concerned companies were CNAN-Nour that was acquired by the French group Gofast-Ighil Azur, while the second branch, which is CNAN Maghreb, was a subject for an on going competition between the French company Ighil Azur and the Spanish company Actiona. The future owner of this branch will be known during the next week. CNAN Maghreb has achieved a turnover estimated at 1200 billions DA, last year, whereas it employs more than 22 temporary employees. The fourth dossier is about a partnership between the Saudi company Ferraoun and the National Company for Naval Navigation, aiming at the creation of a mixed company which will explore and manage 8 ships from the remaining national company’s fleet. The national company will have 49 % of the new mixed company’s capital, while the remaining 51 % will be owned by the Saudi company Ferraoun. Snousi Mohammed declared that the dossier concerning this company will be presented to the ministry of participations and investment developing the next week, whereas the final decision goes to the participations council that will receive the file before the end of the current month. The CNAN branches’ privatisation process has started in September 2005, where it was announced on international bids. In the same context, the privatisation process concerning the national company for naval navigation’s branches showed some financial difficulties that it is experiencing, especially after the selling of most of its ships on one hand, and the privatisation regulations on the other. Because while investors and foreign companies, that are interested in these branches, are demanding the right to fire a huge number of employees, these regulations don’t facilitate this firing. The main company, through the cooperation with the ministry of state’s participations, has finished a programme to fire around 800 employees, including retirees and amicably fired employees. S. Yousfi — El-Khabar | ||||||||||||||||||
Privatisation of the National Company of Naval Navigation’s subsidiaries