Mota Engil planning to enter Romania

Mota Engil, one of Portugal’s leading construction companies, plans to enter the Romanian market by buying a domestic company, reports Greek publication Reporter.gr in its online edition. The name of the Romanian company earmarked for acquisition was not announced. The acquisition is expected to go through by April 2005. This will make Romania the fifth country in the region, after Hungary, Poland, Czech Republic and Slovakia, where Mota Engil has a presence. The Portuguese press reported in October 2004 that Mota Engil was in negotiations with various Romanian construction companies to establish a partnership in the country. Mota Engil intends to acquire the majority capital of the Romanian company chosen for the partnership. Mota Engil has a turnover in excess of 1bn euros in 2003. CEE operations account for 35% of its revenues. ZF