Entrepreneur buys 4.2% of Martifer

 In Construction, Industry, News, Securities

The entrepreneur Carlos Martins, who is the CEO of the Portuguese construction company Martifer Group, which specialises in buildings with metal structures, the shipping industry, and renewable energy projects, has invested €6.8 million to buy 4.2% of the company.

Martins, who bought the shares through Black and Blue Investments, has signed a promissory contract to acquire 4,190,000 Martifer shares, corresponding to 4.19% of its capital and 4.28% of voting rights according to the securities regulator CMVM.

The operation, carried out on Wednesday, February 7, outside of the stock market, foresees a payment of €1.5 per share, in an investment worth €6,285,000. It represents a saving of 11 cents per share since shares are currently trading at €1.61 each. On Thursday Martifer shares lost 3.42% to €1.555.

It means that Carlos Martins will now own 5.419% of the company’s capital through Black and Blue Investments.

The main shareholder in the construction giant is I’M SGPS, controlled with his brother Jorge Martins, imputed in the shares and voting rights of the Martins brothers and Black and Blue Investments. The holding will now control over €48 million Martifer shares, corresponding to €48.09% of the capital and 49.18% of voting rights according to business daily Negócios. The shares were purchased from serial entrepreneur Mário Ferreira.