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Article: Caima gears up for takeover action
- Article from:
- PPI
- Article date:
- March 1, 1999
- Author:
CopyrightCopyright Miller Freeman Inc. Mar 1999. Provided by ProQuest LLC. (Hide copyright information)
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The Portuguese pulp producer, Companhia de Celulose do Caima, is on track for a major shakeup in its company structure designed to make takeovers easier. The company already has a target in mind, which is practically on its doorstep.
Companhia do Papel do Prado will be up for sale in the next month or so and Caima is keen to become its new owner. At present, Portucel controls a 95.4% stake in the board producer, but this will be sold off to the highest bidder.
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