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Construction : Cement Update | November 2015 | Source : CW-India

CCI clears Heidelberg-Italcementi deal

Competition Commission of India has approved German firm Heidelberg CementĀ“s proposed acquisition of Italcementi SpA. Under this transaction, Heidelberg will initially buy ItalmobiliareĀ“s 45 per cent stake in Italcementi and subsequently make an open offer to buy the remaining shares. As reported, Heidelberg announced plans to buy Italcementi SpA through a transaction worth about $4.1 bn.

Contact: Competition Commission of India.
Tel: 011-2347 3400.

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