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TCC Europe Approves 80 Million Euro Share Transfer to Cimpor Management Platform

MT Newswires Live
Oct 09

TCC Europe, a subsidiary of TCC Group (TPE:1101), has approved the transfer of shares in Cimpor Portugal worth about 80 million euros to Luxeon, a stock subscription platform for the Cimpor management team, according to a Thursday filing with the Taiwan Stock Exchange.

The transfer will be executed under the Cimpor Portugal Retention Incentive Plan, following notices from Cimpor Portugal management to exercise share subscription rights under equity incentive plans approved in November 2024 and December 2025.

TCC Europe said the plan aims to support synergies from the OYAK Cimento and Cimpor investment project. Following the transaction, TCEH's cumulative investment in the shares amounts to 339.7 million euros, representing an 85% stake.

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