The management board of Portuguese cement maker Cimpor should have four Brazilians, two coming from construction group Camargo Corrêa and two others from industrial conglomerate Votorantim, Cimpor said Wednesday in a filing with Portuguese stock-market regulator CMVM.

Cimpor was in recent months the target of a heated bidding race among three Brazilian companies.

Steel major CSN was the first to make a takeover offer for Cimpor, but its move was rejected, and Camargo and Votorantim ended up buying stakes of 32% and 22% in the Portuguese company respectively.
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