Duna Aszfalt Zrt., a Hungarian expert in civil engineering, has signed an agreement with Mota-Engil SGPS SA to acquire the Mota-Engil Central Europe group, a significant and active player in Poland's construction and real estate development market, as a part of the Duna Group's Central and Eastern European business development plans.
To complete the acquisition of the company, approval is needed from the relevant Polish authorities and certain financial institutions, with the parties aiming to obtain these approvals in the first half of 2024.
The above transaction aims to increase the international presence of the Duna Group, strengthen its role in the construction industry, and achieve the status of a regional mid-sized enterprise owned by Hungarians.