HeidelbergCement’s acquisition of Italcementi finalized

By |  October 24, 2016

logo-heidelbergcementHeidelbergCement purchased the remaining Italcementi shares that had not been tendered in the mandatory tender offer, the company says.

HeidelbergCement is now the sole shareholder of Italcementi and owns 100 percent of the share capital. In addition, Italcementi shares were delisted from the Italian Stock Exchange.

In a shareholder meeting, a new board of directors was established for Italcementi. The new members are Luca Sabelli (chairman), Dominik von Achten (executive vice president), Lorenz Näger (executive vice president) and Roberto Callieri (CEO).

Kevin Yanik

About the Author:

Kevin Yanik is the editor-in-chief of Pit & Quarry magazine. Yanik can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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