Mota Engil is company given multi-million contract for ‘Pope’s stage’ in Lisbon
Shareholders of construction company Mota-Engil are meeting today for a general meeting to elect three new members to the Board of Directors, including former deputy PM (in days of PSD/ CDS coalition) Paulo Portas.
According to Lusa, the meeting will discuss and vote on the acceptance of the resignation submitted by Xiangrong Wang to the post of member of the company’s Board of Directors, as well as on setting the number of members of the board at 17.
Another item on the agenda will be the election, for the current term of office, corresponding to the 2021/2023 three-year period, of three new members to Mota-Engil’s Board of Directors: former government leader Paulo Portas, José Pinto Moreira and João Parreira, names proposed by shareholder Mota Gestão e Participações – Sociedade Gestora de Participações Sociais.
The fourth and last point aims to vote “on the fixing of the amount of the bond to be given by the elected members of the Board of Directors”.
In other words, “the members of the Board of Directors elected in relation to the previous item on the agenda shall provide a bond for the minimum amount legally established, or, alternatively, replace the bond with an insurance contract in favour of the company”.
Mota Engil is one of the largest Portuguese companies, operating nationally and internationally in the sectors of civil construction, public works, port operations, waste, water, and logistics.
It was awarded the contract to construct the altar-stage for World Youth Day later this year without recourse to tender because, according to an official source from Lisbon City Council, “time did not allow” for it. This explanation has caused a considerable deal of controversy for the simple fact that World Youth Day Lisbon has been scheduled for the last four years.
Source: LUSA
