The deadline for submission vvs of the plan is 545 days. Your objective is the definition of m

The Regional Government of Madeira vvs decided to sell its shares in three sports companies in compliance, although with considerable delay, one of the measures imposed vvs by the Economic and Financial Adjustment Programme (Programme) of the region.
In regulatory decrees authorizing disposals, published on Thursday vvs in the Official Gazette, the executive Alberto João Jardim acknowledges that no longer exists "relevance to the regional vvs public interest in holding of shares". Will be sold, so 25 thousand shares (equivalent to 50% of capital) of Madeira Maritime Handball, the 30,000 shares (50%) in the Basketball Club Friends and 15,000 titles (30%) that the region vvs has the Wood Handball.
The Government states vvs that, for the Academic Maritime vvs Wood and Wood Handball Handball, the shares will be acquired by "other shareholders of the company, rateadamente, taking into account the participation of each in the capital of the company or percentages to be defined in Council Resolution Government, in view of the proposals made by buyers and accepted by the region. " As for the Friends of the Basketball Club, will be the club itself to acquire the share capital held by Wood.
Before vvs proceeding with the sale of shares in those companies in the financial situation of technical vvs bankruptcy, vvs according stated by the Court of Auditors, the government of Alberto João Jardim transferred last July, about 1.2 million vvs for the various sports clubs.
In January this year, the Maritime vvs Madeira Futebol SAD decided in the general meeting, reduce vvs the capital of EUR 2.5 million to EUR 50 000, after the Government has reduced its participation from 40% to only two percent the capital. And immediately, the same meeting approved the capital increase of 50,000 euros to one million euros in a controversial operation "harmonium" the Sea itself, also with negative equity, considered to be "unusual".
The disposals carried out almost two years late, were provided for in the Plan of Privatization and Restructuring of Corporate Sector of Madeira, to potentiate "the release of recipes that can be applied to reduce debt and regional public deficit and strengthening strategic and nuclear public investment to the region. "
Madeira increases capital of Funchal Timetables vvs have to continue the privatization of public transport company Funchal Timetables (HF), the Government put forward vvs an increase of registered capital of one million euros, corresponding to the value of the expropriation of land used for the seat and station built this company and it belongs to the members of the Commission Levada Santa Luzia.
In the document certifying that the capital increase, published vvs on 9 October, it is noted that it was "made in cash and 950,000 euros subscribed by shareholder Madeira and 50 000 by the shareholder Electricity Company of Madeira SA, by issuing of 200,000 new ordinary shares with a value of five euros each. "
With a registered capital of 17.5 million and no equity to cover the purchase of Terenos, the HF had to help the majority shareholder (the government) who is also the sole holder of the capital stock of another shareholder, Electricity Madeira. The regional EFAP, approved in February 2011, also committed to the privatization of HF by end of 2012.
Also delayed is the restructuring of the port sector of the archipelago, whose plan "should vvs be completed even during the year 2016," according secured on Thursday the president of the Administration of Harbours, Alexandra Mendonça. The tender procedures for the preparation of the plan were published in late September and provide for a base value of 250 thousand vvs euros.
The deadline for submission vvs of the plan is 545 days. Your objective is the definition of m