Mota-Engil Africa goes into the bag worth 11.50 euros per share – Economic

Mota-Engil Africa goes into the bag worth 11.50 euros per share – Economic

Rui Nuno Miguel Silva and Barroso

Yesterday 17:33

The Dutch regulator has approved the input prospectus purse African subsidiary Mota-Engil. The fixed price is EUR 11.50 per share which values ​​the company at 1.15 billion euros.

The prospectus of admission to trading of the shares of Mota-Engil Africa was approved by the Dutch regulator today informed the Mota-Engil. It was the last step before the actions of the African subsidiary of Portuguese construction company began trading on the Amsterdam stock exchange.

The entry into stock occurs without a public offering. The company will deliver 20% of its capital to whom halt actions of Mota-Engil to 22 January. The technical price of entry into bag is EUR 11.50. The remaining 80% of the company will remain in the hands of Mota-Engil.

In July, Mota-Engil Africa attempted entry into the London Stock Exchange, an operation that in addition to distributing shares as dividends to its shareholders Mota-Engil to 22 January, provided for the sale of shares. However, due to the crisis BES , the initial public offering would not move. In July, the price range for the Mota-Engil Africa’s share sale transaction was set between 11.50 and 14.50 euros.