Semapa could net €400 million in capital gains from Secil sale
Semapa estimates that it will make capital gains of €400 million in 2026 from the sale of Secil to Spain’s Molins according to a note sent to the Portuguese securities commission CMVM.
Semapa reported that, “following the announcement released to the market today, regarding the conclusion of a sale agreement regarding Secil” and after a contact made by the CMVM, the transaction, “taking into account the value of the financial investment currently registered and unaudited and verifying the conditions provided for in this agreement, will amount in 2026 to an estimated capital gain of €400 million”.
The group emphasised that “it is an estimate subject to verification by Semapa’s auditors regarding auditing (that will be carried out after the transaction). The exact value of the capital gains will be ascertained after the completion of the audit and published at an appropriate time.”
Semapa, which owns the Navigator paper company, among others, announced this Friday the sale of the Secil cement company to its Spanish counterpart Molins for €1.4Bn, 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 diversification of the ‘portfolio’,” said Semapa’s CEO, Ricardo Pires, quoted in a statement.
Semapa (Sociedade de Investimento e Gestão, SGPS, S.A.) is a major Portuguese investment holding company focused on long-term value creation in core industrial sectors like pulp & paper (The Navigator Company), cement & building materials (Secil Group), and environment (ETSA), alongside a venture capital arm, Semapa Next, for startups and innovation, known for sustainable growth and international presence.
