Holcim sells Cimpor shares to Credit Suisse First Boston International

11.24.2004
 

In December 2001 Holcim concluded a Total Return Swap contract with Cartera Lusitana SA related to 9.5 percent shareholding in Cimpor - Cimentos de Portugal, SA.

The Total Return Swap agreement is now being terminated and the entire share package is being acquired by Holcim through a subsidiary. At the same time, the Holcim subsidiary is selling a 7.7 percent holding to Credit Suisse First Boston International, leaving a 1.8 percent holding in the Portuguese cement producer in Holcim's ownership.

 

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Holcim is one of the world's leading suppliers of cement, aggregates (gravel and sand), concrete and construction-related services. The Group holds majority and minority interests in more than 70 countries on all continents.
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