ING Bank reduces Cimpor stake

Dutch bank ING Bank reduced its stake in Portuguese cement group Cimpor - Cimentos de Portugal to 0.82 per cent of its total share capital, it was reported on July, 2, 2004.  ING Bank sold a total of 22,132,295 Cimpor shares, equivalent to 3.29 per cent of the stock. The shares were sold in an over the counter operation, dated July 1, 2004. After the operation, ING Bank now owns a total of 5,500,000 Cimport shares, which account for 0.82 per cent of the voting rights.