Published by Global Banking & Finance Review®
Posted on December 19, 2025
1 min readLast updated: January 20, 2026
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Cementos Molins buys Secil from Semapa for $1.64 billion. The deal boosts Cementos Molins' market position and is expected to close in Q1 2026.
Dec 19 (Reuters) - Portuguese conglomerate Semapa has agreed to sell its cement maker Secil to Spain's Cementos Molins for an enterprise value of 1.4 billion euros ($1.64 billion), it said on Friday.
Shares in Semapa rose by nearly 16% in early trading after the announcement, reaching their highest value since July 2018.
Semapa owns the entire share capital of Secil, controls the pulp and paper producer Navigator and also has businesses in the environmental and hydrogen sectors.
Cementos Molins said it will finance the transaction with a combination of available cash and funds from a syndicated credit agreement and a bond issuance.
The closing of the transaction is expected in the first quarter of 2026.
($1 = 0.8541 euros)
(Reporting by Joao Manuel Mauricio; Editing by David Latona)
Enterprise value is a measure of a company's total value, often used as a comprehensive alternative to market capitalization. It includes market capitalization, debt, and excludes cash and cash equivalents.
A syndicated credit agreement is a loan provided by a group of lenders—known as a syndicate—who work together to provide funds to a single borrower, typically for large financing needs.
A bond issuance is the process by which an entity raises funds by selling bonds to investors. The issuer promises to pay back the principal amount along with interest at specified intervals.
A conglomerate is a large corporation that consists of diverse companies operating in different industries. These companies are often acquired to diversify revenue streams and reduce risk.
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