China Communications Construction Company Limited (SEHK:1800) entered into an equity purchase agreement to acquire 23% stake in Mota-Engil, SGPS, S.A. (ENXTLS:EGL) from Mota Gestao E Participacoes SGPS, SA for approximately €170 million on November 27, 2020. Under the terms of the transaction, China Communications Construction Company Limited will acquire 55 million shares of Mota-Engil for €3.08 per share. The deal is subject to the verification of several legal and contractual conditions precedent, including approvals or consents of Governmental Authorities and confirmation by the Portuguese Securities Market Commission (CMVM) that the agreement and the operations provided for therein do not impose on China Communications Construction Company Limited an obligation to launch a takeover bid. As of February 24, 2021, China Communications Construction Company formally requested the Portuguese Securities Market Commission (CMVM) to confirm the agreement and the operations provided for therein do not impose on China Communications Construction Company Limited an obligation to launch a takeover bid. KPMG acted as financial advisor to China Communications Construction Company.

China Communications Construction Company Limited (SEHK:1800) completed the acquisition of 23% stake in Mota-Engil, SGPS, S.A. (ENXTLS:EGL) from Mota Gestao E Participacoes SGPS, SA on May 10, 2021.