New Mota-Engil Angola shareholder structure formalised in Luanda

20 October 2010

Luanda, Angola, 20 Oct – Portugal’s Mota-Engil group signed on Tuesday in Luanda a share purchase and sale agreement with an Angolan consortium led by the Sociedade Nacional de Petróleos de Angola (Sonangol), with a view to constituting Mota-Engil Angola.

Creation of the new company under Angolan law, in which the Portuguese group will control 51 percent, now awaits authorisation from Angola’s National Private Investment Agency (ANIP).

The Sonangol oil company now holds a 20 percent stake in Mota-Engil Angola, whose other shareholders are Banco Privado Atlantico, with 11 percent, and its main shareholders Finicapital – Investimentos e Gestão and Globalpactum – Gestão de Activos, each with 9 percent.

Mota-Engil has integrated its construction area assets in the new company, except for the company it possesses with Auto-Sueco Angola and property assets.

The transferred assets have been assessed at US$325 million. Mota-Engil earned more than US$160 million for the 49 percent it disposed of.

The new Mota-Engil Angola will operate in the areas of construction and public works, industry and the industrial construction market, and also in housing. (macauhub)