Italcementi discards merger talks with Ciments Francais

Italcementi discards merger talks with Ciments Francais
Published: 12 April 2010

Italcementi denied on Friday rumours of new merger talks with its French subsidiary Ciments Francais, La Tribune reported.

According to the market, the tie-up may generate synergies and increse the partners’ profitability,

The rumours were provoked by the fact that Ciments Francais wil buy out nearly all the notes held by US investors who blocked a takeover from Italcementi in 2009. Following the transaction, estimated at US$483.5m, analysts commented that now talks between the two companies can be relaunched.