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HeidelbergCement to grow its position in Italy
Personnel change in the Supervisory Board of HeidelbergCement
Italcementi to appeal fine decision of the Italian Competition Authority
19 September 2017

HeidelbergCement to grow its position in Italy

Today, HeidelbergCement announced that its Italian subsidiary Italcementi has entered into an agreement with Cementir Holding to buy Cementir Italia, including the fully controlled subsidiaries Cementir Sacci and Betontir. The acquisition includes all of Cementir Italia’s cement and concrete business. The transaction has an enterprise value of € 315 million. Closing of the transaction, which is subject to final approval by the Italian Antitrust Authority, is expected in early 2018. “Cementir Italia provides an ideal industrial and geographic fit that significantly improves our nationwide...
28 August 2017

Personnel change in the Supervisory Board of HeidelbergCement

Following an application of the company, the Local Court (Amtsgericht) of Mannheim/Germany supplemented the Supervisory Board of HeidelbergCement AG by appointing Margret Suckale as a member in the capacity of shareholder representative. She succeeds Alan Murray, who had resigned from his position. Her term of appointment will expire on the occasion of the by-election held at the next Annual General Meeting of HeidelbergCement AG on 9 May 2018. “We are pleased that, in Margret Suckale, we have succeeded in attracting an experienced manager from the industry as a new member of our Supervisory...
7 August 2017

Italcementi to appeal fine decision of the Italian Competition Authority

Italcementi S.p.A., HeidelbergCement`s Italian subsidiary, today received notice of a fine decision of the Italian Competition Authority in an antitrust investigation mainly relating to alleged market coordination in the Italian grey cement markets including concerted price increases. The fine amounts to 84 million EUR. The alleged infringements relate to the period from June 2011 until January 2016, when Italcementi did not belong to HeidelbergCement Group. HeidelbergCement has precautionary informed the former controlling shareholder of Italcementi S.p.A. as the Share Purchase Agreement...

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