Mozambican company buys Portuguese construction company Opway

6 February 2015

Nadhari Lda, a Mozambican company with three partners, has acquired Portuguese construction company Opway for 5 million euros, after the company was put up for sale as a matter of urgency by beleaguered Espírito Santo Comercial, according to the Portuguese press.

The press added that if Nadhari, whose partners are Daniel Salatiel Sales Lucas, Keyane Rodrigo Macuiane Lucas and Akine Macuiane Igor Lucas, are not able to prove financial capacity, the second highest proposal, “management buy-out, which offered 1.25 million euros,” would be allowed to purchase the company.

Mota-Engil, Texeira Duarte and Soares da Costa, major Portuguese construction companies with interests in Mozambique, received invitations to tender for the purchase of Opway, but turned the invitation down.

Opway, which was founded in 2008, following the acquisition of Sociedade Geral de Construções e Obras Públicas (Sopol) by Obras Públicas e Cimento Armado (OPCA), has debt of 160 million euros, and Portuguese state bank Caixa Geral de Depósitos (CGD) is the main creditor. (macauhub/MZ/PT)