Brazil/Portugal: SeeNews Portugal has reported that Portuguese holding company Semapa Sociedade Invest Gestao SGPS' Brazilian subsidiary NSOSPE Empreendimentos e Participacoes (NSOSPE) has acquired a 50% stake in Brazilian cement maker Supremo Cimentos.
The US$94m purchase agreement was announced on 29 April 2015. NSOSPE is jointly-owned by Semapa and Portuguese construction materials supplier Secil. Following the closure of the transaction, Semapa and Secil indirectly own the entire share capital of Supremo Cimentos.