M&A Activity • Jun 15, 2016
M&A Activity
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MOTA-ENGIL, SGPS, S.A. ("MOTA-ENGIL") informs that, today, it has concluded the sale of its 50.06% stake in INDAQUA – INDÚSTRIA E GESTÃO DE ÁGUAS, SA ("INDAQUA") to the company Miya Water Portugal SGPS, S.A. (Group Miya), a subsidiary of Arison Investments, an American-Israeli investment group, for a total amount of €60 million (Equity).
The completion of this transaction follows the agreement announced by MOTA-ENGIL on February 11, 2016 and is in line with the strategy to focus the Environment & Services segment's resources in the waste collection, treatment and recycling activities.
In addition, and in line with the financial strategy goals, the proceeds of this transaction will allow to strengthen MOTA-ENGIL's capital structure.
INDAQUA controls 6 concession companies in the water segment, in 7 Portuguese municipalities with around 600 thousand inhabitants.
Porto, June 15, 2016
THE REPRESENTATIVE FOR THE MARKET RELATIONS LUÍS SILVA
Miya is a global privately held company, wholly owned by Arison Investments. Miya implements mega-scale water efficiency projects benefiting people, the economy, and the environment.
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