Ciments Français completes the sale of Turkish activities

Ciments Français completes the sale of Turkish activities
Published: 28 March 2011

Ciments Français (Italcementi Group), on Friday 25 March 2011 formally completed the sale of the Turkish subsidiary Set Group Holding to Limak Holding.

The deal, announced on 25 February 2011, was subject to the approval by the relevant authorities in Turkey.
 
Under the terms of the agreement, the sum paid at the closing was approximately EUR270m in cash.