Kola Karim Eyes Big Cashout From Mota-engil's Dbn Energies Takeover

Mota-Engil plans to acquire DBN Energies, a key part of Kola Karims Shoreline Group, expanding its footprint in West Africas oil infrastructure.

The acquisition enhances Mota-Engils position in Nigerias oil and gas market, leveraging Karims extensive expertise in energy infrastructure and business networks.

Kola Karims Shoreline Group spans energy, infrastructure, and telecom, with Shoreline Natural Resources being Nigerias third-largest indigenous oil producer.

Nigerian businessman Kola Karim is set to cash out as he continues expanding his business empire. Mota-Engil, a leading Portuguese construction company, has revealed plans to acquire DBN Energies, a company that specializes in constructing oil infrastructure, from Karim.

DBN Energies, a key subsidiary of Kola Karims Shoreline Group, is a prominent player in the oil and gas sector, providing Engineering, Procurement, and Construction EPC services. Mota-Engil s planned acquisition of DBN Energies is a strategic move to bolster its presence in Africa's energy infrastructure, as the company targets Nigeria's expanding oil and gas market.

This acquisition is more than just a business deal, it marks Mota-Engils entry into West Africas key onshore and offshore oil projects. Beyond acquiring an asset, Mota-Engil is gaining the wealth of knowledge and expertise Kola Karim has built over the years. Karims longstanding impact on the energy sector makes the deal a clear signal of growing interest from European firms in African companies with proven engineering and energy capabilities.

At 56, Kola Karim has maintained a long-standing business relationship with Mota-Engil. In 2018, his energy and industrial conglomerate, Shoreline Group, partnered with the Portuguese construction giant to establish Mota-Engil Nigeria. This collaboration helped Mota-Engil tap into Karims deep understanding of Nigerias business landscape, leveraging Shorelines political and business connections to secure large infrastructure projects.

Mota-Engil owns 51 percent of Mota-Engil Nigeria, while Shoreline holds 49 percent. Mota-Engil is involved in a wide range of sectors, including civil construction, public works, port operations, waste management, water, and logistics. The company has a market cap of over 1 billion .