Portugal C+PA increases Cimpor Stake, Portugal

Portugal C+PA increases Cimpor Stake, Portugal
Published: 09 August 2004

Portuguese cement company C+PA  has increased its stake in Cimpor l to a total of 4.973 per cent of its share capital from the previous 4.6 per cent, Cimpor. The current stake corresponds to a total of 5.009 pct of Cimpor’s voting rights. According to Cimpor, C+PA acquired a total of 40,000 Cimpor shares. No financial details were available. 

C+PA is 48 per cent controlled by Cimpor’s unit, Cimpor Industria. The other shareholders in C+PA are the construction equipment and products retailer Sacimop with 36 per cent and Holcim Ltd with the remaining 16 per cent of the stake.