Mota-Engil — M&A Activity 2024

Feb 12, 2024

MOTA-ENGIL INFORMS ABOUT THE AWARD OF A CONTRACT IN PERU WORTH AROUND 115 MILLION EUROS

Mota-Engil S.G.P.S., S.A. (MOTA-ENGIL) informs that its subsidiary MOTA-ENGIL PERU S.A. has signed a new contract, worth around 115 million euros, within the scope of the Las Bambas project.

The aforementioned contract, awarded by Minera Las Bambas, S.A., corresponds to the contract for the "Construcción de la Etapa 6 de la Presa de Relaves", another phase of the development works on the Las Bambas project (located approximately 560 km of Lima, at 4,000 meters of altitude, in the southern interior of Peru) in which MOTA-ENGIL PERU S.A. has been operating since 2011. The contract, with an initial value of around 122 million dollars, will have a maximum duration of 50 months.

With this new contract, MOTA-ENGIL reinforces its backlog in one of its core markets, reaching in these first weeks of 2024 around 300 million dollars in new awards, demonstrating the quality of its work through the trust placed, by important mining clients, in the company.

Porto, February 12, 2024

THE REPRESENTATIVE FOR THE MARKET RELATIONS LUÍS SILVA