Italcementi sale to Heidelberg Cement may close in 1H16 - Milano Finanza daily edition
Italcementi, the listed Italian cement group, could close its sale to listed German company Heidelberg Cement in 1H16, Milano Finanza reported. A contact would be made in the next few weeks with the various bodies whose approval is needed for the sale to go ahead, the Italian-language daily reported citing Carlo Pesenti, the CEO of Italcementi. Consob, Italy's securities regulator, would be one of the bodies contacted, Pesenti noted.
The sale had previously expected to close at the end of 2016, the report noted.
Italcementi has a market cap of EUR 3.487bn
Milano Finanza daily edition