Following the approval by the Dutch regulator for the financial markets, Mota-Engil Africa entered today the Euronext Amsterdam stock market with a total of 100,000,000 (one hundred million) representative shares of the company.
During the ceremony, held at Euronext Amsterdam’s head office, the CEO of the Dutch exchange market, Jos Dijsselhof, welcomed Mota-Engil Africa and showed his satisfaction for including in this European stock market a company that, being present in Africa for 68 years, is nowadays a leader in the provision of Engineering and Building services in sub-Saharan Africa.
The Listing Ceremony was attended, in addition to several members from the board of Mota-Engil SGPS and Mota-Engil Africa, by representatives of financial consultants, such as Standard Bank, Citi Group and ING, and legal counsellors from Houthoff and MLGTS.
To Mota-Engil Africa CEO, Gilberto Rodrigues, who opened the ceremony with the traditional bell that symbolizes the opening of the trading session, the “presence of Mota-Engil Africa in this stock market represents a new stage in the development of the company, that sees in this process a way of strengthening its visibility as a company in the capital market, ensuring a larger and wider diversification of investors, as well as a long-term expectation for obtaining the proper capitalization for the company that will allow it to boost even more the expansion foreseen for our activity in the African continent, considering the pipeline and the existing projects.”
As to the selection of the European trade market for this listing process, Gilberto Rodrigues adds that “our presence in Euronext– being the second largest European stock market and one of the top five in the World in terms of IPOs throughout 2014 – ensures an expectation of liquidity and visibility in an investors‘ community that takes us to the first line of companies visible in Africa, providing us hope of an increasing and fair recognition of the company’s value that guarantees a performance deemed as best in class in the world among building companies present in Africa.”
To Gonçalo Moura Martins, CEO of the Mota-Engil Group and Chairman of Mota-Engil Africa, the listing of the company that begun today “represents, above all, the prosecution of its strategy of diversification and of the Group’s presence on the global capital market as a fundamental element of diversification of the Group’s funding sources and exposure, as well as fulfilment of the goal undertaken of paying dividends to shareholders, as unanimously approved in the General Meeting specially called for that purpose on September 27.”