Portuguese conglomerate Semapa sells its stake in Secil to Spain’s Molins for €1.4bn. Molins aims for growth and sustainability, expanding into Europe and Brazil. Secil’s 2,900 employees will join Molins, enhancing offerings and opportunities. Semapa plans to reinvest proceeds strategically, focusing on growth and diversification across its portfolio.

Molins CEO Marcos Cela highlights the strategic importance of acquiring Secil, emphasizing shared values and growth potential. Semapa CEO Ricardo Pires expresses gratitude to Secil team and sees the sale as a step towards strengthening the group’s investment capabilities. Semapa plans to use sale proceeds to support remaining subsidiaries and seek new growth avenues.

Molins to fund acquisition with available cash, credit facility, and bond issue. Deal expected to close in Q1 2026, subject to regulatory approvals. JP Morgan, KPMG, and Uría Menéndez provide financial and legal advice for the transaction. Deloitte conducts due diligence on financial, tax, legal, and labor matters for Molins.

Read more at Yahoo Finance: Molins agrees to buy Portugal’s cement firm Secil for $1.63bn