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Mota Engil SGPS SA announces postponement of Mota-Engil Africa N.V. IPO


Friday, 11 Jul 2014 02:36am EDT 

Mota Engil SGPS SA:Says in addition to the information disclosed to the market on June 16 and 26 regarding the IPO of Mota-Engil Africa N.V. due to the recent deterioration in market conditions and the resultant impact on investor sentiment, the IPO process has been postponed, in light of the conditions of the offer.Orders transmitted will therefore lapse.The postponement of the IPO process means that, as previously announced, the remaining condition precedent for the payment of the conditional dividend-in-kind requiring that the shares of Mota-Engil Africa be admitted to trading on a regulated market, has not been satisfied. 

Company Quote

4.691
-0.0010 -0.02%
1 Sep 2014