Mota-Engil suspends African IPO
11 July 2014
Mota-Engil has suspended the initial public offering (IPO) of shares in its subsidiary Mota-Engil Africa. It said the decision had been taken, “Due to the recent significant deterioration in market conditions.”
In June the company announced plans to float at least 25% of its € 1 billion (US$ 1.35 billion)…