Sodim to acquire a 26% stake in Semapa for $291m.

Sodim, a holding company that aggregates a set of assets and stakes in industrial companies and in the hotel and real estate sectors, offered to acquire a 26% stake in Semapa, a manufactures of paper and paper pulp, for $291m. “It is a condition to the success of the offer that the offeror (Sodim) comes to hold, as a consequence of the Offer, a minimum of 90% of the voting rights of the rarget (Semapa). The Offeror reserves the right to, at its absolute discretion, in the 24 hours following the determination of the results of the Offer," Semapa.