CSFB controls larger slice of Cimpor

CSFB controls larger slice of Cimpor
Published: 01 June 2005

US investment bank Credit Suisse First Boston (CSFB) now controls a total 6.02 per cent  of the voting rights in Portuguese cement producer Cimpor, CSFB announced in a report to Portugal’s national securities regulator (CMVM) on May 31, 2005. 

CSFB has acquired a total 22.4 million Cimpor’s shares, accounting for 3.37 per cent of the voting rights in the company. The US bank also has an option to acquire further 17.7 million Cimpor’s shares, representing 2.66 per cent of the company’s voting rights.  Previously, CSFB controlled 4.62 per cent of the voting rights in the Portuguese cement producer.