Insitec Group acquires largest construction company in Mozambique

11 May 2011

Maputo, Mozambique, 11 May – Mozambican group Insitec announced it had bought 100 percent of CETA, the country’s biggest civil engineering and construction company, the Mozambican press reported.

CETA started operating 30 years ago, employs 2,500 people and its business is focused on public works, concrete and steel structures, roads, water supply and sanitation, and is more active in Cabo Delgado and Tete province.

Insitec is headed up by Celso Correia and structured around three sub-holdings – Insitec Investimentos, Insitec Imobiliária and Insitec Constrói.

CETA will be managed by Insitec Constrói, which also controls a stake in cement company, Cimentos de Nacala. (macauhub)