Portuguese investment bank Banco Portugues de Investimento (BPI) increased its participation in local cement company Semapa to 6.7 per cent of the share capital, it was reported on October 12, 2005. The new stake accounts for 6.86 per cent of the voting rights in Semapa.
BPI’s pension fund manager unit BPI Pensoes - Sociedade Gestora de Fundos de Pensoes SA acquired on October 6, 2005 a total 1,043,301 Semapa shares for the funds it manages. No financial details were available. The said lot increased BPI Pensoes stake in Semapa to 5.18 per cent of the share capital and to 5.3 per cent of the voting rights in the company. Semapa shares were traded at Euro 5.83 per share on Euronext Lisbon stock exchange on October 12, 2005 close.
