On 12 October 2016, HeidelbergCement purchased the remaining Italcementi shares that had not been tendered in the mandatory tender offer.
Therefore, HeidelbergCement is now the sole shareholder of Italcementi and owns 100% of the share capital. Italcementi shares were delisted from the Italian Stock Exchange on the same day.
In a shareholder meeting on 19 October 2016 a new Board of Directors was established for Italcementi. The new members are Luca Sabelli (Chairman), Dominik von Achten (Executive Vice President), Lorenz Näger (Executive Vice President) and Roberto Callieri (CEO).
Read the article online at: https://www.worldcement.com/africa-middle-east/21102016/acquisition-of-italcementi-finalised/