Buzzi Unicem Capital hike

Buzzi Unicem Capital hike
Published: 28 July 2004

The capital increase of Italian cement and concrete company Buzzi Unicem ended with 99.34 per cent subscription. The funds raised from the capital increase total Euro204.5m. The capital hike procedure was performed between July 5 and 23, 2004. A total 24,054,278 new shares were issued.  The key shareholder in Buzzi Unicem, Fimedi S.p.A., subscribed its 59.4 per cent share. Outstanding option rights make up 0.66 per cent of the offer. The outstanding rights will be placed on the Italian Stock Exchange (Borsa Italiana) by Italian bank Banca IMI, a unit of local banking group San Paolo IMI, between August 2 and 6, 2004.