Cimpor said in a regulatory filing late Monday that its Spanish peer Bipadosa SA had raised its stake in its share capital to just over 5%.
Bipadosa acquired 175,000 Cimpor shares Jan. 30 and now owns some 33.7 million shares.
The filing didn’t what the previous stake was, but Bipadosa has been building its stake in Cimpor since last year. In September, Bipadosa raised its stake to 2.3% from 2%.
According to Portugal’s market laws, companies must disclose stakes in other companies when they reach or fall below 2% and then 5%.