PremiumMota-Engil portfolio rises to seven to eight billion euros

In the last twelve months, the national construction company has secured large contracts worth a combined amount of almost four billion. This month, the icing on the cake came from Nigeria, amounting to 1.500 billion.

The order book of the Portuguese construction company Mota-Engil has accelerated in recent months. At the end of the first half of last year, it had overcome the historic barrier of five billion euros and the same happened already at the end of 2020, when it reached the level of six million euros. However, this figure is expected to have been largely exceeded in this first month of 2021, with two contracts in Africa, in Ghana and in Nigeria, in the amount of 1.957,5 million euros, which should have catapulted the order book from Mota-Engil to more than seven billion euros, perhaps even in the eight billion There are no updated public values ​​because there are still doubts about the method of consolidating these contracts in the accounts of the Portuguese construction company, according to Jornal Económico.

In the last twelve months, Mota-Engil has won large contracts, with a value of more than 100 million euros each, in the global amount of almost 3,9 billion euros.

Content reserved for subscribers. To read the full version, go to here to the JE Reader

Recommended

Chinese ask CMVM not to launch takeover bid following Mota-Engil's capital increase

The capital increase that Mota-Engil will make under the agreement for the entry of the Chinese from China Communications Construction Company will be carried out at 1,5 euros per share.

Public works tenders fall 29% in January to 202 million euros

In 2020, public tenders of 4.827 million euros were promoted, an increase of 20% over 2019, with 3.425 million euros being celebrated, which represents a 30% growth, according to data published by the association AICCOPN.

PremiumSantander and Novo Banco lead Moura Atlantic loans to banks

There is a new Special Recovery Plan to be voted on by the construction company in Braga.
Comments