Portuguese Semapa buys

Portuguese Semapa buys
Published: 30 July 2004

Enersis, the renewable energy unit of Portuguese cement maker Semapa, bought in co-operation with the largest local bank, state-owned Caixa Geral de Depositos SA (CGD), the entire stake in Renewable Energy System Portugal (RESP) for over Euro 30m.  As reported on July 28, 2004, the operation was carried out through Fespect, a financial vehicle created for the purpose jointly with Caixa Capital, the risk capital unit of CGD, which is to be dissolved.  Meanwhile, Semapa, which is headed by chairman Pedro Queiroz Pereira, bought the majority stake in the wind park Pampilhosa da Serra with a power generation capacity of 96mW and the 10mW Malhada de Gois park.