Portuguese construction group Mota-Engil and Brazil’s Conic will earn 57 million euros from a project to expand the Enotel Resort & Spa Porto Galinhas, in Brazil according to the Portuguese company’s annual report and accounts for 2012.
The construction project is one of the projects highlighted by Mota-Engil for its business in Brazil last year, a year in which the company acquired a majority-stake in Empresa Construtora Brasil (ECB).
“With this acquisition the group hopes that the Latin America area will now include a significant contribution from the Brazilian market to its turnover,” Mota-Engil said.
Enotel Porto Galinhas is owned by Portuguese group Enotel, which has a number of hotels on Madeira Island, where its headquarters are based, and expansion of the unit in Brazil will increase the hotel’s apartments to over 1,000 ahead of the 2014 soccer World Cup, and more than tripling the current number of apartments.
At the end of last year the Portuguese group, via its road concession company Ascendi, increased its stake in Brazilian road company CRT – Concessão Rodovias do Tietê from 40 percent to 50 percent, as it did with Italian-Brazilian company Atlantia Bertin Participações.
As well as work to expand the CRT road network, Mota-Engil noted that in Brazil, “conclusion of the new headquarters allowed for greater integration between operating and administrative areas, both because of the new operational control centre and the proximity of the main roads under concession.” (macauhub)