Spain's Cementos Molins to buy cement maker Secil for $1.64 billion
19/12/2025 08:18
Dec 19 (Reuters) - Portuguese conglomerate Semapa SEM.LS has agreed to sell its cement maker Secil to Spain's Cementos Molins CMTM.SCT for an enterprise value of 1.4 billion euros ($1.64 billion), it said on Friday. Semapa owns the entire share capital of Secil, controls the pulp and paper producer Navigator NVGR.LS and also has businesses in the environmental and hydrogen sectors. Cementos Molins said it will finance the transaction with a combination of available cash and funds from a syndicated credit agreement and a bond issuance. The closing of the transaction is expected in the first quarter of 2026. ($1 = 0.8541 euros) (Reporting by Joao Vicente Mauricio; Editing by David Latona) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))