Mota-Engil Plans to Reduce Debt by 20% in 3 Years, Sinergia Says

Mota-Engil SGPS SA (EGL) plans to cut debt by about 20 percent in three years to 800 million euros, the company’s Sinergia magazine reported, citing Chief Financial Officer Goncalo Moura Martins.

Portugal’s biggest construction company is available to sell some of its more mature businesses and invest in other activities with greater potential for growth, according to the online version of Sinergia.

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net