Brazilian group Odebrecht plans to increase its presence in Portugal

9 October 2013

Brazilian group Odebrecht plans not only to continue with its presence in Portugal, but to grow there and is keeping an eye on business opportunities including the current privatisation programme underway in the country, the group’s chief executive, Marcelo Odebrecht said recently.

Commemorating the 25th anniversary of the group’s presence in Portugal, through construction company Bento Pedroso Construções, Odebrecht was part of a consortium that competed for the privatisation of Portuguese airport manager ANA – Aeroportos de Portugal, which was awarded to French group Vinci.

“Privatisations are an opportunity and we are looking at them all to boost our operation in the Portuguese market,” said the chief executive of Odebrecht, which is one of the largest companies in Latin America.

In a completely different economic climate than when Odebrecht started out in Portugal, when the focus was construction, Marcelo Odebrecht underlined that the focus had to “come off infrastructure” but added that in order to grow it was not necessary to “reinvent Odebrecht in Portugal.”

“We are present in 16 different business areas, we only need to take businesses that we are already involved in to Portugal,” he said, excluding the petrochemical and methanol sector, according to the Portuguese financial press.

Marcelo Odebrecht also announced that Bento Pedroso Construções would change its name to Odebrecht Portugal by the end of the year. (macauhub)