Cimpor expects to raise EUR58m through sale of subsidiaries

Cimpor expects to raise EUR58m through sale of subsidiaries
Published: 14 May 2010

Cimpor is expected to raise EUR58m through the sale of its shareholdings in Portuguese Cimento E Produtos Associados, S.A (C+PA) and Cementos del Marquesado.

The company currently owns a 48% stake in C+PA and a 27% holding in Cementos del Marquesado (Spain) for which it hopes to raise €47.2m and €11.05m, respectively.