Cementir Italia acquisition approved by regulator
Published by Jonathan Rowland,
Editor
World Cement,
The Italian Antitrust Authority has given approval to the sale of Cementir Italia to Italcementi, a subsidiary of HeidelbergCement. The sale includes Cementir Italia’s subsidiaries, Cementir Sacci and Betontir.
The transaction is expected to close in early January 2018. After closing, Italcementi will be required to divest some plants from among a list identified by the antitrust authority.
Italcementi will acquire Cementir Italia for €315 million. Cementir Italia’s assets include five integrated cement plants and two cement grinding stations, as well as a network of cement terminals and concrete plants.
Read the article online at: https://www.worldcement.com/europe-cis/20112017/cementir-italia-acquisition-approved-by-regulator/
You might also like
Planned spin-off of Holcim’s North American business expected to occur in H1 2025
Holcim is progressing on the planned full capital market separation of its North American business, planned by way of a 100% spin-off to be listed on the New York Stock Exchange.