Holcim Aggregati Calcestruzzi, a part of LafargeHolcim, and Colabeton are seeking to merge their concrete business in the north of Italy. The plans would see the Holcim Aggregati Calcestruzzi transfer its entire concrete business and Colabeton transfer its northern Italian business unit into a new jointly-owned company.
Share capital and seats on the board of directors would be distributed equally between the two companies.
“This merger and the consequent combination of plants, products, services and know-how will result in a better and more effective response to customers’ demands and needs, as well as in higher added-value solutions offered in this highly complex market,” Colabeton said in a press release.
The proposed merger has been referred to the ECB for approval, with the ECB indicating its intention to transfer examination of the deal to the relevant Italian authorities. A final decision on the merger is expected by the end of the year.
Read the article online at: https://www.worldcement.com/europe-cis/15022017/companies-to-merge-italian-concrete-operations/