Camargo poised to control 86% of Cimpor stock

The Brazilian industrial group Camargo Correa is poised to control 86% of the stock of the Portuguese cement group Cimpor following the closure of the public offering period. The group presently controls 65% of Cimpor stock, but the stake will increase to 86% if it is successful in an attempt to acquire Votorantim’s stock.
June 22, 2012 Read time: 1 min

The Brazilian industrial group 3718 Camargo Correa is poised to control 86% of the stock of the Portuguese cement group 1347 Cimpor following the closure of the public offering period.

The group presently controls 65% of Cimpor stock, but the stake will increase to 86% if it is successful in an attempt to acquire 1729 Votorantim’s stock.

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