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Mota-Engil — M&A Activity 2015
May 31, 2015
1905_iss_2015-05-31_e5fb0d3a-2979-4f32-95db-30d80599d78d.pdf
M&A Activity
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MOTA-ENGIL INFORMS ON PARTNERSHIP AGREEMENT BETWEEN ASCENDI AND ARDIAN
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:
- Auto-Estradas da Grande Lisboa
- Auto-Estradas do Grande Porto
- Auto-Estradas do Norte
- Auto-Estradas da Costa de Prata
- Auto-Estradas das Beiras Litoral e Alta
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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