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Italy: Regulator approves Cementir Italia sale

By  |  November 20, 2017

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.

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    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 (US$304 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.

    Full Content: CemNet

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