Portugal’s CGD Buys 9.584% Cimpor stake

Portugal’s CGD Buys 9.584% Cimpor stake
Published: 18 February 2009

Cimpor said late Monday that state-owned bank Caixa Geral de Depositos acquired a 9.584% stake in Cimpor for about EUR306 million.

CGD bought the stake from Cimpor’s major shareholder Investifino at EUR4.75 per share in an over-the-counter deal, according to a filing with stock market regulator CMVM.

CGD added that Investifino has an option to buy back the shares over the next three years.