Portugal’s Mota-Engil to acquire stake in waste treatment company in Brazil

9 December 2009

Sao Paulo, Brazil, 9 Dec – Portuguese construction group Mota-Engil is set to conclude the acquisition of 50 percent of a Brazilian waste treatment company, the chief executive of the Portuguese company said in Sao Paulo Tuesday.

Jorge Coelho, who did not provide the name of the company, said that the acquisition was due to be concluded in January 2010, after conclusion of the audit of the company’s accounts.

The acquisition will signal the start of the Portuguese group’s activities in the environmental sector in Brazil, a country in which Mota-Engil already has businesses in the road concession sector.

Speaking to Portuguese news agency Lusa, Coelho said that the group was analysing taking part in a public tender for concession of a port with a container terminal in Recife in north eastern Brazil.

In the area of road concessions, Mota-Engil is already present in Brazil via Ascendi, a company owned in partnership with Portugal’s Espírito Santo group (40 percent).

In April of this year, Ascendi signed its first road concession contract, for the Marechal Rondon motorway, which is 443 kilometres long, in the state of Sao Paulo.

Toll charges on the motorway, whose concession is for a 30-year period, with total investment of 600 million reals, began some two weeks ago. (macauhub)