Portugal’s Mota-Engil acquires 50 percent of Brazilian environmental management company

20 May 2010

Lisbon, Portugal, 20 May – Portuguese construction group Mota-Engiluma, Wednesday agreed with Brazilian group Leão & Leão to acquire 50 percent of Geovision, during the 10th Luso-Brazilian summit, which was held in Lisbon.

Geovision is an environmental management company and the value of the transaction will be 50 million reals (21.9 million euros).

Brazil’s president, Luiz Inácio Lula da Silva was in Lisbon Wednesday to take part in the 10th Luso-Brazilian summit after taking part in the EU-Latin America Summit in Madrid on Tuesday. (macauhub)