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EGL — Mota-Engil, SGPS News Story

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Brief: Mota Engil Signs Contract For Trading And Sale Of Carbon Credits

Jan 29 (Reuters) - Mota Engil SGPS SA MOTA.LS:

ENTERS INTO AN EXCLUSIVE CONTRACT FOR THE TRADING AND SALE OF CARBON CREDITS WITH TRAFIGURA PTE LTD.

CONTRACT ALSO PROVIDES FOR INITIAL PAYMENT OF UP TO $100  MILLION, OF WHICH 50% WILL BE PAID UPON SIGNING

CONTRACT WITH DURATION OF 40 YEARS, COVERS A PORTFOLIO OF 14 FORESTS LOCATED IN MALAWI

Source text: https://tinyurl.com/yj3cnsd9

Further company coverage: MOTA.LS

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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