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 (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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