Mota-Engil talks on their African ambitions

10 December 2014

In this interview by David Rogers – he speaks with Gilberto Rodrigues, Mota-Engil Africa’s chief executive, on the company’s African ambitions. Interview snippet courtesy of Global Construction Review, click on the link to read the full story.

Mota-Engil was a key exhibitor of the African Construction Expo, held in May 2014 at the Sandton Convention Centre – click here to watch the interview Concrete.TV did with them.

Chinese firms are not the only ones building things in Africa. Portugal’s Mota-Engil has been there since 1946 and has grown beyond the former colonies of Angola and Mozambique. To learn about the company’s plans and what they reveal about the future of construction in Africa, GCR talked to Gilberto Rodrigues, Mota-Engil Africa’s chief executive.

Mota-Engil listed its African division on the Euronext stock exchange in Amsterdam earlier this month. The flotation, which involved about 7% of Mota-Engil Africa’s total capital, valued the company at about $1.4bn and followed a decision to pull out of an IPO on the London stock exchange.

Gonçalo Moura Martins, Mota-Engil’s group chief executive, said plans changed owing to “unsupportive conditions” in London, but added that further tranches of the subsidiary’s capital would be floated in the future. All the same, the listing marks a new stage in the firm’s growth.

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