Lisbon, Dec. 19, 2025 (Lusa) - The Semapa investment group, which owns, among others, the paper manufacturer Navigator, announced on Friday the sale of the cement manufacturer Secil to its Spanish counterpart Molins for €1.4 billion, with the deal to be completed in the first quarter of 2026.

"This operation represents a strategic move for the group, allowing us to strengthen our investment capacity, within the outlined strategy of portfolio diversification," said Semapa's executive director, Ricardo Pires, quoted today in a statement.

Molins group chief executive Marcos Cela said: "Together, we will expand our offering of high-value, circular and low-carbon solutions to our customers, creating new opportunities for our people. I look forward to welcoming Secil's 2,900 employees to Molins.

Secil, founded in 1930, "is one of the leading Portuguese companies in the cement sector, with an international presence and a track record of growth and value creation recognised in the sector," according to the statement released by Semapa.

The Semapa group says it has "more than 8,000 employees and a presence on four continents" and that, "in 2025, more than 75% of its turnover was generated in international markets".

Its portfolio includes other companies such as ETSA (animal feed, food industry, etc.), Semapa Next (“startups”), UTIS (industrial combustion), Triangle's (bicycle frames) and Imedex (clinical technology).

Semapa shares closed on Thursday up 1.43% at €17.

HGP/ADB // ADB.

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