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Merger Project between Camargo Corrêa and Cimpor
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ComMUNICATIONS SUBMITTED BY Camargo Corrêa
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01/02/2010 |
Clarification by Camargo Corrêa on the news report published in the 'Expresso' newspaper on 30/01/2010:
'Following the news report published this weekend in the 'Expresso' newspaper, we hereby confirm that the statement issued by Camargo Corrêa on 29 January 2010 remains entirely valid, i.e. Camargo Corrêa continues to actively consider the various alternatives available as part of a sound, constant and long-term solution for Cimpor and that as yet a decision has not been taken nor any agreement finalised which would be conducive to launching a takeover bid.' |
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18/01/2010 |
Camargo Corrêa replies to CMVM's Notification 170Kb |
| 13/01/2010 |
Cimpor - Cimentos de Portugal, SGPS, SA announces merger proposal submitted by Grupo Camargo Corrêa |
CLARIFICATIONS SOUGHT BY THE CMVM
| Disclosure Date |
Clarification Request |
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14/01/2010 |
Taking into account this morning's news report in the 'Diário Económico' newspaper which assures an agreement with Lafarge for the acquisition of 17% of Cimpor, it is requested that the clarification to the market dated yesterday, includes the following information:
a) Whether there is any agreement between Camargo Corrêa and Lafarge or with any other entity related to same for the acquisition of a stake of said entity in Cimpor or any other negotiation which might be in course concerning said purpose.
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| Response to the Clarification Request |
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As per the Comissão do Mercado de Valores Mobiliários' request, Camargo Corrêa, S.A. clarifies that:
(a) There is no agreement between Grupo Camargo Corrêa and Lafarge (or any other entity related to same) for the acquisition of a stake of said entity in Cimpor or any other negotiation in course concerning said purpose. |
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13/01/2010 |
Clarification Request |
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Due to uncertainties that have arisen in the market concerning the proposal presented to CIMPOR today, namely as regards the following:
a) the meaning of the term 'non-binding offer' mentioned in the proposal,
b) and the possibility of the offeror's merger proposal being subject to a proviso that might depend on own fact (the acquisition of a stake in the social capital of CIMPOR of beteen 15% and 25%),
a clearer elucidation as to these two issues is sought for the purpose of clarifiying the market, until 13h00 of the following day. |
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Response to the Clarification Request |
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As per the Comissão do Mercado de Valores Mobiliários' request, Camargo Corrêa, S.A. clarifies that:
(a) The proposal presented by Cimpor's Board of Directors conveys the steadfast and earnest intention of Grupo Camargo Corrêa for fulfilling the merger as soon as possible. The operation at hand is unavoidably complex and due to its characteristics, may not be carried out via a simple proposal acceptance. Should the latter be accepted by Cimpor's Board of Directors, the involvement and completion of the merger's conditions are subject to the conclusion of a negotiating process with a view to examining the reciprocal knowledge of the companies involved, as well as defining the final merger conditions. Such explains the term 'non-binding'.
(b) Grupo Camargo Corrêa wishes to acquire between 15% and 25% of the social capital of Cimpor for fulfilling the merger process and both operations are thus undetachable. As with the merger operation, the acquisition of the mentioned stake does not, as such rely solely on the will of Grupo Camargo Corrêa, that is strongly committed to this project's success. |
Notification by CMVM to Camargo Corrêa
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