Semapa - Sociedade de Investimento e Gestão, SGPS, S.A.

Semapa is a Portuguese investment holding company with interests in various sectors, including pulp and paper, cement, and environmental services. The company owns 76.7% of The Navigator Company, Europe's largest producer of bleached eucalyptus kraft pulp, and holds 51% of Secil Group, a manufacturer of cement and its derivatives. Additionally, Semapa owns 100% of ETSA, a waste management firm involved in the collection, storage, and treatment of animal by-products. Semapa is listed on the Euronext Lisbon stock exchange and is a constituent of the PSI 20 index. Semapa's investment strategy focuses on creating long-term value through active portfolio management, aiming to strengthen the group's investment capacity within its defined strategic framework. In December 2025, Semapa signed an agreement to sell 100% of Secil to Molins for an enterprise value of €1.4 billion, with the transaction expected to close in the first quarter of 2026. Semapa's investment philosophy emphasizes sustainable growth and value creation across its diverse portfolio, which includes companies with significant legacies, those with prospects for accelerated growth, and a startup investment firm. The company's approach is guided by a commitment to innovation, ambition, and a focus on making a positive impact in the world.