The investor expressed this intention to local business daily Jornal de Negocios as reported today.
In February 2009, Fino sold 9.6% in Cimpor to Portugal’s state-owned bank Caixa Geral de Depositos (CGD) in order to reinforce the financial positions of his investment vehicle Investifino. At that time, an agreement as regards the possible buyback within a three-year period was signed. The option expires in February 2012.
The entrepreneur could buy back the sold amount at EUR 4.75 a share, plus a premium of between 6% and 8% a year, Jornal de Negocios calculated.
Fino presently holds 10.7% in Cimpor.
