Italcementi sells its own shares to HeidelbergCement for EUR40.9m

Italcementi sells its own shares to HeidelbergCement for EUR40.9m
Published: 19 September 2016

Tagged Under: HeidelbergCement Italcementi 

Italcementi tendered on 19 September 3,861,604 company shares, corresponding to all of its own shares held, for a total of EUR40.9m during the mandatory takeover bid launched by German HeidelbergCement on the shares it did not own in the Italian group.

Italcementi shares were bought by HeidelbergCement France at a price of EUR10.6 per share, as provided in the tender documents on Italcementi shares, a joint statement of Italcementi and HeidelbergCement Group said.