Buzzi Unicem to acquire 100% of Cementizillo

Buzzi Unicem signed an agreement to buy 100% of Italian cement peer Cementizillo for a fixed amount of €60 million plus over 450,000 Buzzi shares worth about €10.2 million, with additional payments up to €21 million. A 47.9% stake was acquired for €22.6 million, with the remainder to be taken over in July 2017.

“Through the acquisition of Cemetizillo, Buzzi Unicem, in addition to strengthening its presence and market share in Italy, aims at contribute to the rationalisation and consolidation of the domestic cement sector.”aggbusiness.com

• 1 source
• aggbusiness.comBuzzi Unicem to acquire 100% of Cementizillo - Aggregates BusinessLiam McloughlinJun 20, 2017

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