Cementir Italia’s acquisition approved
Published by Rebecca Bowden,
Assistant Editor
World Cement,
On 7 March 2016, the Italian Antitrust Authority published its decision not to carry out an investigation into the purchase transaction of Sacci Spa’s business division for the production of cement and ready-mixed concrete. It has therefore authorised Cementir Holding’s subsidiary, Cementir Italia, to proceed with the acquisition.
It is noted that Sacci's composition with creditors will be submitted to the vote of the creditors at the hearing set today by the Court for 14 March 2016. If the vote by Sacci's creditors is favourable to the composition, it will then be subject to endorsement by the Court of Rome.
Adapted from press release by Rebecca Bowden
Read the article online at: https://www.worldcement.com/europe-cis/08032016/cementir-italia-acquisition-approved-643/
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.
