Italy's Antitrust Authority approves Cementir Italia sale

The Italian Antitrust Authority (AGCM) has approved the sale of Cementir Italia and its subsidiaries Cementir Sacci SpA and Betontir SpA to Italcementi.

Following the closing of the transaction, which is expected in the first days of January 2018, Italcementi will be required to adopt certain structural remedies, including the divestiture of some plants and behavioural measures. Italcementi will select the facilities to be divested among those identified by AGCM, which has established precise alternative solutions, with specific timeframes and procedures.Italy’s Antitrust Authority approves Cementir Italia sale, said Cementir in a press release.