HeidelbergCement to buy rival Italcementi

By Myles McCormick
Published: Wednesday, 29 July 2015

The merger between two major players in cement comes in the midst of a number of consolidation efforts in the construction industry. The trend is likely to be bad news for raw material producers.

German-listed HeidelbergCement AG – the world’s second largest cement producer – is to take a 45% stake in Italian-listed Italcementi SpA – the world’s fifth largest cement producer – at a cost of €1.7bn ($1.88bn*) – or €10.60/share.

The deal remains subject to approval by various competition authorities, especially those...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.