The Italian company intends to offer to the minority Dyckerhoff shareholders, that control together 21.4 per cent, 40 euro ($50.88) per ordinary share and 37.5 euro ($47.7) per preference share, which corresponds to a total price of 334m euro ($424.9m).
In case of successful acquisition, the German company will be delisted, according to the report.
A Dyckerhoff spokeswoman confirmed Buzzi Unicem’s plans. The management board of the German company will issue a reasoned statement on the offer upon its receipt, Dyckerhoff said in a statement.
