InterCement buys stock in Cimpor

The cement holding company Camargo Corrêa Cimentos Luxembourg has sold some 30,174,446 shares of its Portuguese cement company Cimpor to InterCement Austria Holding at a single price of €3.20 or €91.42 million in total. It is reported that CCC Luxembourg now controls 19.55% of the voting capital of Cimpor in a direct way and also 74.64% indirectly which represents 501,580,368 shares via its subsidiary InterCement Austria.
August 4, 2015 Read time: 1 min

The cement holding company Camargo Corrêa Cimentos Luxembourg has sold some 30,174,446 shares of its Portuguese cement company 1347 Cimpor to InterCement Austria Holding at a single price of €3.20 or €91.42 million in total.

It is reported that CCC Luxembourg now controls 19.55% of the voting capital of Cimpor in a direct way and also 74.64% indirectly which represents 501,580,368 shares via its subsidiary InterCement Austria.

Quarry Products

For more information on companies in this article

Related Content

June 28, 2012

Cimpor appoints a new chief executive and schedules general assembly

Portuguese cement company Cimpor has appointed Ricardo Lima as its new chief executive. Lima is taking over from Francisco Lacerda and after leaving his position as vice-president of InterCement (Camargo Correa). The appointment comes after Camargo Correa assumed control of Cimpor. The Brazilian industrial group is also keeping seven of Cimpor's administrators and nominating eight new members.

April 11, 2012

Semapa suggest holding company to avoid sale of Cimpor

It has emerged that Portuguese group Semapa has presented a project to the Portuguese Securities and Exchange Commission (CMVM) to create a holding company that will consolidate, under its umbrella, stakes owned by Portuguese groups in the national cement company Cimpor.

boombox1

Highlighted Content

boombox2