Martifer informs about agreement for the sale of the construction segment in Brazil
Martifer, SGPS, S.A. hereby informs that, following Martifer Group’s restructuring plan, it has reached an agreement with a group of investors for the execution of disposal of the totality of its shares and transfer of responsibilities of its Brazilian subsidiaries in the Construction segment, Martifer Construções Brasil Ltda. and Martifer Alumínios Brasil Ltda.
Within a climate of strong turmoil in the construction sector in Brazil, the operation implies a null impact in Martifer Group’s projected 'Free Cash Flow To Equity’.
Martifer will continue to be present in Brazil in the renewable energy segment.