Lisbon, Aug. 6, 2025 (Lusa) - Portuguese telecoms, construction, energy, industry and tourism multinational, Visabeira Indústria SGPS has launched a takeover bid for the share capital of Martifer - SGPS, active in the sectors of metal construction, ship building and renewables, it has been announced.
In the preliminary announcement of this offer, disclosed to the Portuguese Securities Market Commission (CMVM) on Wednesday, Visabeira explains that the offer is general and mandatory as a result of the offeror having entered into a shareholders' agreement with I'M - SGPS and Mota-Engil, SGPS regarding the terms and conditions that will govern their respective relations as shareholders of the target company.
The consideration offered per share "is equal to or slightly higher than the weighted average price of the shares on the regulated market in the six months immediately prior to the date of publication of this preliminary announcement (namely, €2.057 per share - rounded up to the nearest cent for each shareholder, if necessary - or €2 per share, depending on whether or not these six months include the present date)".
Currently, Visabeira Indústria, I'M (owned by brothers Carlos and Jorge Martins) and Mota Engil together hold 87.4% of Martifer's voting rights.
Visabeira Indústria holds a 25.2% stake in Martifer's share capital, I'M 25% and Mota Engil 37.5%.
Martifer's profits increased by 16.7% in 2024, reaching €23 million, compared to €19.7 million in 2023.
Last year, the group's operating income totalled €264.5 million, growing by more than 20% compared to 2023, of which €144.1 million came from metal construction, €106.1 million from shipbuilding and €16.7 million from Renewables.
In turn, EBITDA (earnings before interest, taxes, depreciation and amortisation) reached €38.2 million, an increase of 12% over the previous year, it said.
Last year, turnover generated outside Portugal and exports accounted for 66% of the group's total turnover, it said, compared with 73% in 2023.
Following this announcement, the CMVM Board of Directors today decided to suspend trading in Martifer - SGPS, SA shares "in order to ensure that the market absorbs the information disclosed by the issuer".
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