Archives: Comunicados de Imprensa

The José de Mello Group promoted yesterday the award ceremony of the Grow Innovation Award, seeking to acknowledge the best startups that developed pilots for subsidiary companies of the Group within the scope of Grow.

Following the presentation of a pitch by each of the seven finalist startups, the jury decided to award the first place to Stratio and the second place to HealthySystems, who received prizes in the amounts of 15 thousand and six thousand euro, respectively.

The decision of the jury was based, on one hand, on the intrinsic potential of each startup and, on the other hand, on the results of the developed pilots.

The Grow Innovation Award is an annual initiative supported by the Fundação Amélia de Mello, which in this way continues to increase its contribution to the enhancement of entrepreneurship.

Launched in February 2017, Grow is a programme crossing all subsidiary companies of the José de Mello Group, which is intended to strengthen the connection to the startup ecosystem, supporting and accelerating the development of innovative projects.

For further information about Grow, please go to grow.josedemello.pt

The Board of Directors of José de Mello, the holding company of the José de Mello Group, has been enlarged and strengthened with the appointment and entry into office, as of today, of Maria Amélia de Mello Bleck and Isabel Jonet.

Maria Amélia de Mello Bleck has integrated the governing bodies of several companies of the José de Mello Group, with emphasis on the area of healthcare.

Isabel Jonet leads the Banco Alimentar Contra a Fome, to which she has dedicated the last 24 years of her life, and Entrajuda, which she founded in 2004. Her professional experience began at the European Economic and Social Committee, in Brussels, after she graduated in Economics at the Portuguese Catholic University.

With the election of these two new directors, at a shareholders’ general meeting held today, the Board of Directors of José de Mello shall now be composed as follows: Vasco de Mello (Chairman), Pedro de Mello (Vice-Chairman), Gonçalo de Mello, Isabel Jonet, João de Mello, João Azevedo Coutinho, Joaquim Aguiar, Luís Brito de Goes, Maria Amélia de Mello Bleck, Pedro Rocha e Melo, Rui Diniz and Salvador de Mello.

The Executive Committee has not been changed, and is composed as follows: Vasco de Mello (Chairman), Pedro de Mello (Vice-Chairman), João de Mello, João Azevedo Coutinho, Luís Brito de Goes, Pedro Rocha e Melo, Rui Diniz and Salvador de Mello.

Further to the operation announced this past 4 June, the groups José de Mello and Têxtil Manuel Gonçalves today formalised the sale of a share of approximately two-thirds of the capital of Efacec Power Solutions (EPS), the company constituted from the universe of shares of Efacec, focused on the energy, environment and transport businesses.

The transaction now completed represents a solution that favours the future of Efacec and maximises its value, strengthening continuity, the development of the company and the preservation of a centre of competence that is unequalled in the country.

With this transaction, the groups José de Mello and Têxtil Manuel Gonçalves assume the status of minority shareholders of EPS through MGI Capital, of which they remain equal shareholders, a company which will hold and manage the businesses of industrial maintenance and renewable energies.

José de Mello Energia has completed the sale of 73,249,881 shares representing about 2.003% of the share capital of EDP – Energias de Portugal.

Placement of the shares was done through the process of accelerated bookbuilding, aimed exclusively at qualified investors. At a price of 3.40 euros per share, total revenue is estimated of about 249 million euros.

After the settlement of the offering, the José de Mello Group will no longer hold shares of EDP, thus continuing the process of strengthening their financial structure, consolidating the conditions to pursue its development plan.

BESI, Caixa-Banco de Investimento, Millennium Investment Banking and Morgan Stanley acted as Joint Bookrunners for the offering.

José de Mello Energia has completed the sale of 94,787,697 shares representing about 2.592% of the share capital of EDP – Energias de Portugal.

Placement of the shares was done through the process of accelerated bookbuilding, aimed exclusively at qualified investors. At a price of 3.20 euros per share, total revenue is estimated of 303.3 million euros.

Caixa-Banco de Investimento, Espírito Santo Investment Bank and Millennium Investment Banking acted as Joint Bookrunners for the Offering.

Under the offering, José de Mello Energia agreed to accept with the Joint Bookrunners a lock-up commitment for the period of 90 days (counting from the settlement date of the Offering) regarding the sale of additional shares of EDP held by them on this date, subject to the usual exceptions on this type of transaction.

The José de Mello Group remains confident that EDP will perform well in the future, and thus continues to hold a qualifying holding, now consisting of 73,249,881 shares, which corresponds to 2% of share capital and voting rights.

José de Mello and Arcus, who together hold 53.7% of the voting rights in Brisa, today announced a takeover offer for the whole of the company´s equity capital at a price of €2.66 per share, providing a premium of 8.64% over the average weighted quotation of the past six months and of 13.38% over the current share price.

Led by José de Mello, this offer is based on a common, long-term vision of the company and industry, and it aims to strengthen Brisa´s shareholder structure, calling for an investment of €700 million.

José de Mello and Arcus consider that the challenges arising from the current economic environment require that Brisa will continue to develop, from a long-term perspective, an ambitious policy of sustained value creation.

The 1st José de Mello Golf Tournament held at Belas on April 3rd brought together more than a hundred employees and leading business partners of companies of the José de Mello Group, all of them golf players. The event raised a total of €50,000 (fifty thousand euros), including sponsorships, enrolment fees and other donations in kind, all of which reverted to Acreditar, the Association of Parents and Friends of Children with Cancer.

The idea behind the 1st José de Mello Golf Tournament came from several top managers of the José de Mello Group and it took the form of the Stableford Net Texas Scramble (pairs). A total of 116 players took part and the first prizes were won by António Purificação/Duarte Pereira (net) and Mário Marques Pinto/Luís Filipe Pereira (gross).

While the tournament took place on the 18-hole Belas course, about thirty other employees and business partners of the José de Mello Group interested in taking their first steps in the game had the opportunity to take part in a Golf Clinic organised by the golf pro, Keith Barret.

Consolidated turnover at José de Mello, SGPS, SA, amounted to €870 million at the end of 2006, an increase of 20%, reflecting the improved business of its subsidiaries and associates, on the one hand, and the consolidation of the business of its subsidiary Efacec, on the other.

Consolidated assets also performed well, up by €460 million, mainly the result of the acquisition of a 2% holding in EDP and a 38% stake in the Quirón Hospital Group through José de Mello Saúde. Additionally, the 50% shareholding in Efacec was included in the consolidated accounts of the José de Mello Group for the first time.

Consolidated net profit amounted to €8.1 million at the year-end, a negative deviation compared to the previous year, essentially caused by the decrease of Brisa’s contribution, whose net profit fell by 44% as a result of the fact that the 2005 included the gain on the sale of its holding in Abertis. In turn, the consolidated EBITDA increased 12% to €37 million.

In addition to the investments made and to the successful take-over bid for Efacec in partnership with the Têxtil Manuel Gonçalves Group, 2006 was also marked by Brisa’s co-leadership of a consortium set up for the privatisation of ANA (the Portuguese Airports Authority) and for the construction of Lisbon’s future international airport. Another outstanding fact was the signature of partnership agreements with CUF, Dow Chemicals and Air Liquide directed at doubling the production capacity of the Estarreja Industrial Pole, which will ensure the sale of a good part of the CUF – Químicos Industriais production.

José de Mello, SGPS, SA, closed 2005 with a Consolidated Net Profit of €16.7 million, an improvement over 2004.

The Group’s Consolidated Turnover amounted to €669 million at the year-end, compared to €662 in 2004, excluding the contribution made by Fisipe, which was sold in 2005.

With regard to the business of the Jose de Mello Group in 2005, the year was essentially marked by an increase of the holding in Brisa, by the start to a process of reorganisation of the CUF holdings portfolio in the wake of the sale of Fisipe, by the sustained growth and improvement of the quality of the services provided by the José de Mello Saúde health-care units, and also by the launch, in partnership with the TMG Group, of a take-over bid for the whole of the shares in Efacec, successfully concluded during the first quarter of 2006. Also at the beginning of 2006, José de Mello, SGPS, SA, acquired on the market, through a company that it owns, Brisa’s 2% stake in Energias de Portugal (EDP).

HIGHLIGHTS (in €million):

CONSOLIDATED BUSINESS 2005 2004
Turnover 669 662
Net profit 16.7 10.4
Net assets 2,472 2,295
Shareholders’ equity 423 368

A José de Mello, SGPS, SA adquiriu hoje em mercado a participação de 2% que a Brisa detinha no capital da Energias de Portugal (EDP), tornando-se assim accionista de referência de uma das mais importantes empresas portuguesas, com elevada relevância estratégica para a economia nacional e forte capacidade de actuação em mercados internacionais.

Com este investimento, o Grupo José de Mello reforça o seu compromisso de continuar a contribuir, numa óptica de longo prazo, para a economia do País, passando a ter uma presença activa no desenvolvimento do sector energético nacional.

O Grupo José de Mello reafirma a sua disponibilidade e interesse em constituir-se como um parceiro estratégico da EDP, contribuindo para o desenvolvimento de uma EDP mais eficiente, criadora de valor, de vocação ibérica e internacional.

Esta operação foi concretizada através da sociedade Baltic, SGPS, SA e implicou um investimento de cerca de 200 milhões de euros.