Standard & Poor’s revises Italcementi rating
Standard & Poor’s announced Friday that it has revised the corporate rating of Italcementi SpA, and as a consequence the rating of Italcementi Finance SA’s outstanding unsecured...
Italy
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Berenberg Bank lifts Italcementi to EUR7.10
Following the announcement of the 2014 figures of Italcementi, Berenberg Bank has increased its price target for the stock of Italcementi to EUR 7.10 from EUR 6.30 per share, bu...
Buzzi Unicem returns to a net profit
On a turnover just 0.1 per cent lower at EUR2506.4m, Buzzi Unicem's underlying EBITDA did increase by 7.1 per cent to EUR404.8m in 2014, while at the headline level there was a ...
Buzzi offer to purchase SACCI SpA accepted
Buzzi Unicem announced today that further to its proposed purchase of a 99.5 per cent interest in the share capital of SACCI SpA, controlling shareholders have accepted the bind...
Buzzi Unicem proposes to acquire SACCI
Buzzi Unicem is offering EUR120m for a 99.5 per cent stake in SACCI and the simultaneous relief of all outstanding liabilities from a previous debt restructuring agreement. The ...
Cementir performs well in Denmark
Cementir Holding's turnover in 2014 declined by 4.1 per cent to EUR948m, but EBITDA improved by 13.4 per cent to EUR192.4m. The trading profit advanced by 35.7 per cent to EUR10...
Italcementi improves margins
Italcementi's 2014 turnover declined by a further 1.8 per cent to EUR4155.6m but the underlying EBITDA did improve by 3.2 per cent to EUR649.1m.
Cementir shareholders approve capital hike
The shareholders of Cementir Holding SpA announced on Monday that the company's Board of Directors will be able to raise the company's capital by up to EUR300m within five years...
Buzzi Unicem sees improvements in the USA and Czech Republic
Buzzi Unicem's turnover eased by 0.1 per cent last year to €2506m, but ignoring the exchange rate effect there would have been a 3.4 per cent improvement. Net debt at the end of...
Italcementi saw weaker French and Italian volumes in 2014
Italcementi's turnover declined by 1.8 per cent in 2014 to EUR4155.6m, or by 0.7 per cent on a comparable basis. Group cement shipments edged ahead by 0.6 per cent to 43.4Mt and...