Agreement for the recovery of the National Construction Sector signed
On the 12th March, 2012, an agreement was reached between the shareholders of Group Edifer, credit institutions with credit interests Edifer Group and Vallis Consolidation Strategies I with the aim of acquiring direct claims from the credit institutions over the Edifer Group.
Vallis Consolidation Strategies I sponsors a management team, led by Dr. Pedro Gonçalves, wich has identified an investment opportunity in the corporate segment of engineering and construction of medium size. The management team has a deep knowledge of the construction industry which will enhance the success of a strategy of sectoral consolidation, and the Consolidation Strategies Vallis I will act as investment advisor of the fund known as Vallis Construction Sector Consolidation Fund (the Fund).
Edifer Group's shareholders have agreed to incorporate the Edifer Group in this movement of sector consolidation, promoting the viability and economic and financial recovery of the Edifer Group, thereby contributing to the desired recovery of the domestic construction sector, which will inevitably result in a improvement of employability in the sector by strengthening its international vocation.