Mota Engil SGPS S A : Engil informs about the conditions regarding the investment agreement with CCCC
April 30, 2021 at 05:27 pm EDT
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MOTA-ENGIL INFORMS ABOUT THE CONDITIONS REGARDING THE INVESTMENT AGREEMENT WITH CCCC
MOTA-ENGIL S.G.P.S., S.A. (MOTA-ENGIL) informs, following the announcements released on August 27 and November 27, 2020 (available in web3.cmvm.pt/english/sdi/emitentes/and in www.mota-engil.com/en/investors/market-releases/), that, with the authorization of the Comisión Federal de Competência Económica (Mexico), granted yesterday, as of this date the precedent conditions on which the effectiveness of the investment agreement with China Communications Construction Company, Ltd. (CCCC) depend are fulfilled.
Therefore, under the statutory authorization granted and after having received a favourable opinion from the Statutory Audit Board, the Board of Directors decided, on April 1, 2021, to increase MOTA-ENGIL'S share capital in cash, up to 100,000,000 euros, through the issue, with an unit price of € 1.50, of 100,000,000 new common shares with the same nominal value of the existing ones, allocated to the shareholders of MOTA-ENGIL in the exercise of the respective pre-emptive rights and to other investors who acquire subscription rights.
Following the above referred, MOTA-ENGIL foresees that, in the near future, the public subscription offer can begin, through which the above referred share capital increase will take place.
Porto, April 30th, 2021
THE REPRESENTATIVE FOR THE MARKET RELATIONS
LUÍS SILVA
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Mota-Engil SGPS SA published this content on 30 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 21:26:02 UTC.
Mota-Engil, SGPS, S.A. is a group organized around 6 sectors of activity:
- Engineering and Construction: Mota-Engil, SGPS, S.A. has developed construction projects in some fifty countries and is present on three continents (Europe, Africa and Latin America) where it has asserted its technical competence and reputation, excelling in the construction of various infrastructures such as roads, freeways, airports, ports, dams and railroads ;
- Industrial Engineering Services: the group has capitalized on its recognized presence and experience since 1998, with a proven ability to operate in numerous markets, reflected in medium-term contracts of between three and eight years;
- Environment: Mota-Engil, SGPS, S.A. began its activities in the environmental sector in Portugal in 1995, through the company SUMA in the urban waste management and collection segment, and added its skills to those of the company EGF, a leader in waste treatment and recovery. Internationally, Mota-Engil is increasingly developing its activities in this sector, in markets such as Angola, Mozambique, Cape Verde, Brazil, Oman and Côte d'Ivoire;
- Mota-Engil Capital: a business unit whose aim is to optimize value creation for the group through investment diversification, underpinned by integrated management of a range of assets and projects complementary to the Engineering, Construction and Environment segments.
- Mota-Engil Mext: unit responsible for differentiated areas such as Real Estate, Agroforestry Production and Energy. It also aims to strengthen investment in innovation and accelerate global transformation;
- Concessions: Mota-Engil, SGPS, S.A. operates, through Lineas and its subsidiaries, a network of some 2,500 km of roads and freeways, including the two bridges of the city of Lisbon. The business extends to international markets, mainly in Latin America.