CESL Asia acquires Monte do Pasto Group from Novo Banco and commits to further develop the social and economic cooperation between Portugal, China, Macau,and the Portuguese-African speaking countries (Palop)
The CESL Asia – Investments and Services, Limited group, through its wholly owned subsidiaries Focus Platform and Focus Agriculture, formalized in Lisbon the acquisition of the Monte do Pasto Group, located in the municipalities of Cuba and Alvito in the Alentejo.
This is a significant acquisition of important management and operations capabilities in Portugal with the welcoming to CESL Asia the respected, high achieving team of Monte do Pasto, as well as anasset comprising 3,700 Ha of agricultural land, mainly used as cattle pasture, but which can be developed and valued through additional agricultural activities, taking advantage of natural conditions and access to Alqueva water.
The CESL Asia group plans to develop, with Monte do Pasto, a Portugal-Macau platform thatwill enhance existing productions, allow the launch of new sustainable agricultural and livestock activities and significantly contribute for the development of the entire Alentejo region, the Portuguese economy, adding to the current focus on exports the markets of Macao and China and the opportunities to be created by the Macao Platform for social and economic cooperation between China, Portugal and the Portuguese Speaking Countries (the Macao Platform).
Over the past 30 years, CESL Asia has established itself as a leading business group in Macao, with local leadership and innovative, high-performing professional teams, building and developing skills within a framework of integrity and excellence.
Inspired by the Belt and Road Initiative, CESL Asia has invested heavily in the Macao Platform, strengtheningits ties with institutions in Portugal, China and the Portuguese-speaking Countries, developing since 2010 investments, management and operationcapabilities to grow its base in Portugal.
According to the business plan that has been implemented, CESL Asia forecasts that by 2021 turnover will grow to around 70 million euros, with 550 employees, of which over 100 will be based in Portugal.
It is undoubtedly the beginning of a new era in the investment of Macau private companies in prosperous Portuguese companies, and it is also for CESL Asia Group to consolidate the growth strategy and path to excellence in our Macao Platform for Financing, Management and Operation of businesses in the Greater Bay Area and Portuguese-Speaking Countries – said António Trindade, CEO of CESL Asia Group, about the acquisition of Monte do Pasto.
The Strategic Cooperation Agreement in place between Bank of China Macau Branch and CESL Asia is of utmost importance, and Bank of China has shown an enthusiastic embracement of our relationship and Platform Strategy.We expect to diversify our investments into other sectors related to our competencies, namely in agriculture, import / export of high quality food and clean energy through our wholly owned subsidiary, Focus Renewables, which already owns and operates in Algarve three solar power plants of a promising Portuguese solar concentration technology – stressed António Trindade.
On October 8th, at 6 pm, at the Salão Nobre of the Pousada de Lisboa, CESL Asia will present to the Portuguese authorities, stakeholders and the business community, a vision of the international partnership with Monte do Pasto for the development of the future FOCUS Platform. operational base for food and green energy businesses between Portugal, Macau, China and PALOP.