Two Portuguese builders are set to create one of the four biggest construction groups in the country. Grupo Lena and Construtora Abrantina are planning to merge their activities in a conglomerate with sales estimated at about EUR 600 mln in 2007, news agency Thomson Financial reported, citing weekly Expresso. Officials of both companies declined to comment on the process, which was reportedly finalised on Thursday.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
