Atlansider completes sale of stake in Cimpor

Atlansider completes sale of stake in Cimpor
Published: 19 April 2010

Portuguese steel and metals company Atlansider SGPS SA completed the sale of its 6.46 per cent shareholding in Cimpor to Brazilian conglomerate Camargo Correa.

The shares were sold for EUR6.50/share, Cimpor said in a filing with the Portugal’s bourse regulator CMVM yesterday. Altogether Camargo Correa will pay some EUR280m to a acquire 3.4 million shares in Cimpor.

As a result of the sale, Atlansider and its subsidiaries Bipadosa,  Metalurgica Galaica and LAF98 only hold 1130 shares in Cimpor, corresponding to 0.00017 per cent of the share capital and the respective voting rights.

Atlansider representative, Jose Freire Arteta, has already filed his resignation from the board of directors of Cimpor.