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Mota-Engil negotiates shareholding in Brazilian construction company

1 September 2011 No Comment

Diário Económico“Mota-Engil should complete”, in the short term, “the shareholding acquisition of a Brazilian construction company, told Rafael Rossi, Director-President in charge of the Portuguese group operations in Brazil, to Lusa news agency. “We are nearing the completion of the acquisition of an average construction company, nowadays shaped for road works,” he said. According to him, Mota-Engil plans to expand the business of the construction company to more complex works, using the experience of the Portuguese company over more than 60 years. Rossi did not disclose details about the business, not finalized yet, but he said that with this shareholding, Mota-Engil expects to expand its business in Brazil, today concentrated in road concessions and in waste management. Mota-Engil came to Brazil in 2009 and its position in the construction company will be the first foray in this market on the main branch: construction. With this new business, Mota-Engil seeks opportunities to invest in large public works. The company is interested in obtaining the modernisation works of Brazilian ports and airports, said Rossi. (…)”

Source: Económico, 01/08/11