Client : SACYR, S.A. / Project Belém
Announcement Date: 26 October 2020
Signing Date: 26 October 2020
Type of Transaction:
Synopsis of the Deal: VdA advised Sacyr, S.A., the Spanish construction and infrastructure group in the structuring and negotiation of the disposal by Sacyr Somague, S.A. of its subsidiaries in Angola, Mozambique and Cape Verde, with its implementation in each of these jurisdictions.
Country of Target: Angola, Mozambique and Cape Verde
Sellers (%) – Country: Portugal
Purchaser/Investor (%) – Country: Angola
Deal Value (in local currency): EUR 33.165.829,00
Financial Advice: PwC (Seller) and Deloitte (Purchaser)
Legal Advice: Adviser (Parties Advised):
VdA – Advised the Seller, SACYR SOMAGUE, S.A.
ML – Advised the Purchaser, GRINER ENGENHARIA, S.A.
VdA Team Involved:
VdA Legal Partners team involved: