Closing agreement between Buzzi Unicem and Sacci

Closing agreement between Buzzi Unicem and Sacci
11 December 2006

Buzzi Unicem SpA and SACCI SpA implemented today the agreement they entered into on November 13, 2006. Contents of the transaction were disclosed through press release on that same day. Particularly Buzzi Unicem purchased, through its 100% subsidiary Unical

SpA, the 30% minority stake in Betonval SpA (already a 70% owned subsidiary) and at the same time sold to SACCI, effective as from December 31, 2006, five lines of business for the production of ready-mix concrete located in Tuscany and Le Marche.

Under this agreement, today Buzzi Unicem also sold on the blocks market to Sicabeton SpA (a company belonging to SACCI group) no. 600,000 common treasury shares at a price of €20.93 each, corresponding to the reference price recorded at the Stock Exchange on November 10, 2006 for a total amount of €12.6 million. The carrying amount of the shares sold is €5.2 million.

Published under Cement News