M&A Activity • May 31, 2015
M&A Activity
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MOTA-ENGIL informs that ASCENDI GROUP, SGPS, SA ("ASCENDI") and Ardian reached an agreement to establish a partnership to develop part of the motorway network managed by ASCENDI in Portugal.
In order to reach the abovementioned goal, ASCENDI and Ardian will own 50% each of a newly incorporated company which will own the stakes of ASCENDI (between 66% and 80%) in the following concessions:
Ardian will invest € 300 million in the partnership. The enforcement of the latter depends upon obtaining several authorizations from the grantor and financing entities.
Porto, May 31st, 2015 BOARD MEMBER & SECURITIES MARKETS REPRESENTATIVE LUÍS SILVA
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