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Mota-Engil — M&A Activity 2016
Feb 11, 2016
1905_iss_2016-02-11_7c6a0274-fd7f-40b7-af32-7009fe7c85c9.pdf
M&A Activity
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MOTA-ENGIL INFORMS ON AGREEMENT TO SELL INDAQUA
MOTA-ENGIL informs that, following its strategy for the Environment Area, reached today an agreement with Group Miya to sell its stake in INDAQUA – INDÚSTRIA E GESTÃO DE ÁGUAS, SA (INDAQUA) for a consideration of 60 million euros. The closing of the deal depends upon obtaining several authorizations from the grantors and financing entities and should be concluded before the end of the first half of 2016.
INDAQUA controls 6 concession companies in the water segment, in 7 Portuguese municipalities with around 600 thousand inhabitants.
With this transaction, MOTA-ENGIL keeps implementing the strategy that intends to focus its Environment Area resources in the waste collection, treatment and recycling segment.
Porto, February 11th, 2016
THE REPRESENTATIVE FOR THE MARKET RELATIONS LUÍS SILVA
About Miya
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.