Subsidiary of HeidelbergCement, Italcementi, has signed contracts with Buzzi Unicem and Colacem about the disposals of cement plants in the Northern and Central regions of Italy. The involved parties have agreed not to disclose details of the transaction for the time being.
The sale of the Spoleto cement plant to Colacem was already closed at the beginning of April. In addition, Italcementi signed an agreement with Buzzi Unicem about the sale of the Testi cement plant, located in Tuscany, and two grinding plants in Piedmont. The closing of this transaction is expected by the end of July 2019.
“These divestments are part of our action plan to accelerate our portfolio optimisation,” said Dr Scheifele, Chairman of the Managing Board of HeidelbergCement. “We are well on our way to reach our target of €1.5 billion of disposals by the end of 2020.”
Read the article online at: https://www.worldcement.com/europe-cis/09042019/heidelbergcement-makes-progress-with-portfolio-optimisation/