Anti-trust authority approves Buzzi deal

Anti-trust authority approves Buzzi deal
Published: 23 December 2015

Tagged Under: SACCI Italy Buzzi Unicem 

Italy's Antitrust Authority has approved Buzzi Unicem's offer to purchase the SACCI business unit and informed the Italian cement producer that it will not to open an investigation about the purchase transaction of SACCI SpA (SACCI). Buzzi Unicem is now clear to proceed further with the acquisition.

The Buzzi Unicem offer remains under review by SACCI and the bodies of the composition proceedings initiated by SACCI. The outcome of the Buzzi Unicem offer depends on the development of the aforesaid composition plan and on the decisions that will be taken by SACCI and its corporate bodies, whose authorisation is required to allow SACCI a final acceptance of the offer.