Benefits of HeidelbergCement’s Italcementi deal grow
Published by Joseph Green,
Editor
World Cement,
HeidelbergCement has increased its estimate for benefits from the planned takeover of Italcementi.
The makers of building materials are focused on reducing costs and boosting efficiency with investments on hold in much of the world due to an uncertain global economic outlook.
HeidelbergCement responded to the market uncertainty in July when it agreed to take control of Italcementi in a deal that valued the company at US$7.3 billion.
Shares in HeidelbergCement have grown 3.5%. They have remained flat since the Italcementi acquisition was announced, compared with a 14% drop of LafargeHolcim over the same period.
Traders said the raised synergy target offset a lower sales outlook for 2015.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/europe-cis/05112015/benefits-heidelbergcement-italcementi-deal-grow-923/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Shaping The Future Through Shredding
Gary Moore, UNTHA Shredding Technology GmbH, highlights the global momentum behind alternative fuels and the role of advanced shredding in shaping cement’s low-carbon future.
