Portugal: Molins has signed an agreement with Portuguese investment group Semapa to acquire 100% of cement producer Secil for €1.4bn. Molins said that the deal reinforces its presence in Europe and ‘completes its geographic expansion’ in Latin America by entering Brazil, the only major market in the region where it was not yet present. Secil operates in eight countries with a cement production capacity of approximately 10Mt/yr. Its operations span cement, concrete, aggregates, construction solutions and circular economy initiatives. The company employs more than 2900 people and recorded €740m in sales over the past 12 months.
