Morgan Stanley stakes stake in Portuguese Semapa
US investment bank Morgan Stanley has become the holder of a 2.67 per cent stake in the the share capital and 2.799 per cent in the voting rights of Semapa.
The financial institution currently owns a total 3,159,859 shares of Semapa, the construction and cement group said in a filing to Portugal’s national bourse regulator CMVM on November 23, 2007.
The bank holds the shares through Morgan Stanley & Co. Incorporated and Morgan Stanley & Co International Plc. The amount was bought by Morgan Stanley & Co. International Plc on November 16, 2007, Semapa added in the statement without disclosing the financial value of the operation. Published under Cement News
