Bloomberg News

CMVM Says Votorantim, Camargo Deny Interest in Cimpor Stake

October 21, 2011

Oct. 21 (Bloomberg) -- Portugal’s securities regulator said Brazilian companies Votorantim Participacoes SA and Camargo Correa SA informed it that news reports about their interest in buying all the stock of Lisbon-based cement maker Cimpor- Cimentos de Portugal SGPS SA have no ground.

The Portuguese securities regulator, known as CMVM, commented in an e-mailed statement today.

Camargo Correa declined to comment beyond an Oct. 20 statement distributed by Portuguese public relations firm Imago that “there’s no change on its position in Cimpor.” An official at Votorantim in Sao Paulo declined to comment to Bloomberg News on Oct. 19 and today. Mafalda Correia, a spokeswoman for Cimpor, also declined to comment yesterday and on Oct. 19.

Bloomberg News reported Oct. 19 that Votorantim and Camargo Correa are in talks to buy a remaining stake in Cimpor, citing two people familiar with the negotiations.

Lisbon-based Diario Economico reported Bank of America Corp. and JPMorgan Chase & Co. may be willing to finance a possible offer from Votorantim for shares of Cimpor, citing unidentified people in the financial industry in London.

--With assistance from Cristiane Lucchesi and Francisco Marcelino in Sao Paulo. Editors: Adriana Arai, Jessica Brice.

To contact the reporter on this story: Joao Lima in Lisbon at

To contact the editor responsible for this story: Tim Quinson at

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