Brazil’s Companhia Siderúrgica Nacional (CSN) launches takeover bid for Portuguese cement company Ci

Lisbon, Portugal, 21 Dec – Brazilian steelmaker Companhia Siderúrgica

Nacional (CSN) Friday launched a takeover bid for the entire capital of

Portuguese cement company Cimpor, offering 5.75 euros per share, or a total

of US$5.54 million.

The Brazilian company said in a statement filed with Portuguese stock

market regulator, CMVM, that the bid was aimed at the 672 million shares

representing the total capital of Cimpor.

The Brazilian press meanwhile reported Monday that Brazilian companies

Camargo Correa and Votorantim also plan to acquire the Portuguese cement

company, which is the third largest in Brazil.

Two other international companies – Lafarge (which already owns 17

percent of Cimpor) and Mexico's Cemex - also showed interest in the operation.

In 2008 Cimpor was responsible for 4.7 million of the 51.6 million tonnes

of cement produced in Brazil (9.1 percent). (macauhub)


Yafela Trading (Beijing) Ltd
Website:http://www.yafela.com
Address:B1508, Jinyu Dacheng Business Center, No. 6, Dacheng Road, Fengtai District, Beijing, China.
Post code:100141
Tel: 0086-10-88177889
Fax: 0086-10-88177828
Email: Com@yafela.com
Links
Negócio da China !
Ministry of Commerce of the People's Republic of China
Online International Business Daily
Jornal Chinês para América do Sul
Departamento Econômico e Comercial da Embaixada da Rpública Popular da China na República Federativa do Brasil
Departamento Econômico e Comercial da Embaixada da Rpública Popular da China na República Federativa do Brasil