Molins agrees to buy Portugal’s cement firm Secil for $1.63bn

Portuguese conglomerate company Semapa has agreed to sell its entire share capital in cement maker Secil to Spain’s Molins for an enterprise value of €1.4bn ($1.63bn). The transaction is part of Molins’ ongoing growth plan focused on profitability and long-term sustainability. The move expands the Spanish company’s operations in Europe and establishes its first presence in Brazil, which was previously the only large market in Latin America where Molins did not operate. Molins CEO Marcos Cela said: “Thi ...