Portugal’s Semapa to reduce share capital

The Portuguese holding company Semapa, with interests in the cement and pulp and paper business, is set to restructure the share capital by reducing it from €118.33 million (US$129.38/million) to €106.51 million with the cancellation of 11.8 million shares. After its approval at a shareholders' meeting the capital will be made up by 106.51 million nominative shares with a single value of €1.
April 8, 2015 Read time: 1 min

The Portuguese holding company 4425 Semapa, with interests in the cement and pulp and paper business, is set to restructure the share capital by reducing it from €118.33 million (US$129.38/million) to €106.51 million with the cancellation of 11.8 million shares.

After its approval at a shareholders' meeting the capital will be made up by 106.51 million nominative shares with a single value of €1.

Quarry Products Auctions, Used Equipment, Rental & Finance

For more information on companies in this article

Related Content

March 27, 2012

CRH must sell stake in Secil

Building materials group CRH has been told to sell its stake in Secil to its joint venture partner, Portuguese industrial holding company Semapa. Secil is a Portuguese manufacturer of cement and ready-mixed concrete, and since October 2009, when CRH last made an announcement on this matter, CRH and Semapa have been engaged in arbitration proceedings to resolve disagreements between them. This culminated in an award by an Arbitral Tribunal in Paris, France, functioning under the Rules of Arbitration of the I

boombox1

Highlighted Content

boombox2