Portuguese investment group Semapa has more than EUR 1 billion available for new investments and is exploring acquisition opportunities in the European market. This was reported by Bloomberg, citing an interview with the company’s CEO, Ricardo Pires.
According to him, Semapa is considering deals worth between EUR 250 million and EUR 500 million. The company may also explore larger acquisitions if a suitable opportunity emerges in the market.
Pires noted that the Iberian Peninsula will remain a key region for Semapa, while the group is also assessing other European markets. The company is focused on industrial B2B manufacturing businesses, as well as businesses related to the energy transition and natural resources. The company is also holding talks with investors who may participate in future deals on a co-investment basis.
The company’s investment plans are linked to the sale of its cement unit Secil to Spain’s Cementos Molins. The transaction amounted to about EUR 1.4 billion, including debt. Semapa plans to use the freed-up funds to acquire less cyclical companies with lower capital expenditure requirements.
