Mota Engil to control 72 pct of the container sector in Portugal
Mota Engil SGPS will control about 72 pct of the container sector in Portugal following last week's acquisitions, Diario Economico reported.
Mota Engil controls all the container terminals in Lisbon and Leixoes and has a stake in the Setubal terminals. If the company were to acquire control of the Aveiro and Sines terminals it would have total control of the market, the paper said.
After the acquisitions, Mota Engil will control about 637,000 twenty-foot equivalent units, out of about 1 mln TEUS operated in Portuguese ports last year.
Last week, Mota Engil said it reached an agreement to acquire the holding company Multiterminal SA, which owns 50 pct of Lisbon port container terminal Sotagus and 31.25 pct of the capital's Liscont terminal. Mota Engil said that after acquiring Multiterminal, it will fully own Sotagus and control 82.94 pct of Liscont.
Mota Engil controls all the container terminals in Lisbon and Leixoes and has a stake in the Setubal terminals. If the company were to acquire control of the Aveiro and Sines terminals it would have total control of the market, the paper said.
After the acquisitions, Mota Engil will control about 637,000 twenty-foot equivalent units, out of about 1 mln TEUS operated in Portuguese ports last year.
Last week, Mota Engil said it reached an agreement to acquire the holding company Multiterminal SA, which owns 50 pct of Lisbon port container terminal Sotagus and 31.25 pct of the capital's Liscont terminal. Mota Engil said that after acquiring Multiterminal, it will fully own Sotagus and control 82.94 pct of Liscont.