Client : SACYR, S.A. / Project Belém
Announcement Date: 26 October 2020
Signing Date: 26 October 2020
Confidential: No.

Type of Transaction:

  • SALE

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.


  • Sacyr Somague Angola, S.A.;
  • Sacyr Somague Moçambique, Lda.;
  • CVC Sacyr Somague Construções, S.A..

Target Industry:


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:

  • Paulo Trindade Costa – Partner, M&A
  • Cláudia Coutinho da Costa - Managing Associate – C&EU
  • Susana Almeida Brandão - Managing Associate, M&A
  • Sumila Santos – Senior International Adviser – M&A
  • Ana Duarte Silva – Senior Associate – M&A
  • Rita Serpa Pinto – Senior Associate – M&A
  • Pedro Sassetti Coimbra – Associate – M&A

VdA Legal Partners team involved:

  • Guilherme Daniel – Partner – Guilherme Daniel Advogados (Mozambique)
  • Vanusa Gomes – Managing Associate – ASP Advogados (Angola)

Press Release / Links: