Portugal Fundacao Berardo Acquires 8.77 per cent in Cimpor

Portugal Fundacao Berardo Acquires 8.77 per cent in Cimpor
Published: 21 April 2004

Portuguese cement producer Cimpor informed the national securities regulator CMVM on 20 April, 2004 that a total of 8.77 per cent of its share capital was acquired by Fundacao Berardo, controlled by the Portuguese investor Joe Berardo.

The 8.77 per cent stake accounted for a total of 58,947,945 Cimpor shares, bought by Fundacao Berardo on April 15, 2004. After the operation, Fundacao Berardo controls a total of 8.84 pct of Cimpor’s voting rights.

Apart from the 8.77 per cent, sold on April 15, 2004, Semapa had sold another 0.22 per cent in February 2004, the sales reportedly connected with the company’s participation in the privatisation of 30 per cent in the local pulp and paper company Portucel.