Italmobiliare SpA, the holding company that controls Italcementi SpA, said
it bought Euro 16.2m in ordinary and savings shares in the cement company
between Sept 4-26.
As of Aug 31, Italmobiliare owned 59.02 per cent of Italcementi’s ordinary
capital, according to the cement company’s website. Italcementi’s share
price suffered from a sharp decline in the past months, slipping from nearly
Eur 25 reached early May, due to rising oil prices and concern about a
slowdown in the construction sector.