Investfino hikes stake in Cimpor to over 20 per cent

Investfino hikes stake in Cimpor to over 20 per  cent
Published: 14 November 2007

Cimpor said Investfino has increased its stake in the company to over 20 per cent after acquiring 5m Cimpor shares on Nov 9 up from approximately 19 per cent it was reported to hold in October. 
 
In a filing with stock market regulator CMVM, Cimpor said Investfino, which is controlled by Soares da Costa chairman Manuel Fino, has 20.06 pct of the voting rights in the company after the stake hike.  
 
In October, Cimpor’s website said Manuel Fino had a 19 pct stake in the cementmaker, and that other shareholders included Teixeira Duarte SGPS, with a 20 pct stake, French group Lafarge, with a 17 per cent stake, and Banco Comercial Portugues, with 10 pct.  
 
Also in October, analysts said that a battle for control of Cimpor could become an issue after Teixeira Duarte said at the time it planned to boost its stake in the cement maker.