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- HeidelbergCement completes sale of assets in Belgium to Cementir Holding in the context of the Italcementi acquisition
- Acquisition of Italcementi finalized – new Board of Directors established
- HeidelbergCement achieved high acceptance rate in mandatory tender offer to Italcementi shareholders
25 October 2016
HeidelbergCement completes sale of assets in Belgium to Cementir Holding in the context of the Italcementi acquisition
On 25 October 2016, HeidelbergCement has completed the sale of operations in Belgium, primarily consisting of Italcementi’s Belgian subsidiary Compagnie des Ciments Belges S.A. (CCB) to an affiliate of Cementir Holding. Previously, the European Commission had approved the agreement.
20 October 2016
On 12 October 2016, HeidelbergCement purchased the remaining Italcementi shares that had not been tendered in the mandatory tender offer. Therefore, HeidelbergCement is now the sole shareholder of Italcementi and owns 100% of the share capital. Italcementi shares were delisted from the Italian Stock Exchange on the same day.
2 October 2016
HeidelbergCement achieved high acceptance rate in mandatory tender offer to Italcementi shareholders
HeidelbergCement achieved a high acceptance rate in the mandatory tender offer to the remaining shareholders of Italcementi. According to provisional results, 165,371,229 Italcementi shares were tendered at the end of the subscription period, on 30 September 2016. In addition, HeidelbergCement purchased 14,000,000 Italcementi shares outside the offer on the stock exchange. Together with the 45% stake already acquired from Italmobiliare on 1 July 2016, the tendered and acquired shares amount to 336,543,036 shares equal to 96.356% of the share capital and voting rights of Italcementi. The...