Cement News tagged under: Italmobiliare
HeidelbergCement completes 45% shareholding in Italcementi04 July 2016, Published under Cement NewsHeidelbergCement AG has completed the acquisition of a 45 per cent shareholding in Italcementi SpA from Italmobiliare SpA. All conditions for the closing of the transaction have been fulfilled following the approval by the relevant competition authorities. "Today’s closing is an important milestone in the history of HeidelbergCement," said Dr Bernd Scheifele, chairman of the Management Board, on Friday, 1 July. "By adding Italcementi to our Group, we are considerably strengthening our globa... |
Italmobilaire to acqure non-core assets22 June 2016, Published under Cement NewsHeidelbergCement AG and Italcementi SpA have made an amendment to HeidelbergCement's acquisition of the entire participation held by Italmobiliare in Italcementi SpA. The new procedure will allow the parties to proceed with the closing of the transaction on 1 July 2016. Before the closing date, Italmobiliare will now acquire the “non-core assets” ie those participations currently held by Italcementi in Italgen SpA and BravoSolution SpA, as well as certain real estate assets. Italmobili... |
Italcementi05 January 2016, Published under Cement NewsThe board of Italcementi has decided to sell around EUR241m worth of assets to Italmobiliare, with completion expected some time after the takeover of Italcementi by HeidelbergCement has been approved by the authorities. The assets concerned include renewable energy (Italgen), e-procurement (BravoSolution) and some property assets in central Rome. |
Italcementi sells Italgen and BravoSolution to parent21 December 2015, Published under Cement NewsIn connection with the agreement between its parent Italmobiliare and HeidelbergCement announced by Italmobiliare on 28 July 2015, the Italcementi Board of Directors today approved the sale to Italmobiliare of a number of non-core assets.These include Italcementi's current equity investments in renewable energy (Italgen) and in e-procurement (BravoSolution), as well as a property located in central Rome. The consideration for the non-core assets has been determined on the basis of an overall... |
Italcementi raises EUR500m capital09 July 2014, Published under Cement NewsItalian cement maker Italcementi fully completed a capital increase worth EUR500m on Monday. Investors subscribed to 103.6m new shares within an issue approved by the board of directors on 6 March. During the offer period, investors exercised rights for the subscription of 99.42 per cent of the new shares for EUR497m. Under a subscription agreement, Italmobiliare spent EUR225.1m on the transaction. |
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