Mota-Engil has a “huge faith” in Angola

Mota-Engil’s chief executive, Gonçalo Moura Martins, said today that the Angolan President’s visit to Portugal “allowed closer ties” between the two countries and said the construction company has a “huge faith” in Angola.

The manager spoke to reporters on the sidelines of the presentation of the results of the subscription and exchange offerings of Mota-Engil – € 110 million bond issue, with a demand of € 139.1 million – held at Euronext Lisbon.

“The [Angolan President’s] visit was a great success,” said Gonçalo Moura Martins, recalling that an invitation was made to the Portuguese head of state, Marcelo Rebelo de Sousa, to visit Luanda in March next year.

“Angola is a very important economic partner of Portugal, as well as a political one,” he said. “The visit was extremely positive because it allowed closer ties.”

Regarding the Mota-Engil business in Angola, the executive president said: “We do not have any construction works”.

Gonçalo Moura Martins said that Mota-Engil has always “a great faith in Angola” and that there are cycles of change that the countries cross.

Regarding Angola’s debt to the construction company, the manager declined to advance amounts and ensured that it was “certified”.

He added that the authorities anticipate that it will be settled “soon”, saying that the value of Mota-Engil’s certified debt “does not have the great expression”.

“Mota-Engil notes with pleasure” the recent state visit made by João Lourenço to Lisbon and “always sees with optimism” Angola, he concluded.

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