Italcementi to bid for Turkish Plants

Italian cement group Italcementi is keen to take part in a tender to acquire five plants of Turkish cement group Rumeli, Italcementi’s CEO Carlo Pesenti said. The tender will be held in the week from October 10 to 14, 2005. 

Each of the plants is estimated at between EUR100m (US$121.7m) and EUR120m (US$146.06m).  At the tender 10 Rumeli plants will be put up for sale, but Italcementi is interested only in five of them, Pesenti added.