HEIDELBERGCEMENT AG

HeidelbergCement completes acquisition of 45 % stake in Italcementi

On 01.07.2016, HeidelbergCement AG completed the acquisition of a 45 % shareholding in Italcementi S.p.A. from Italmobiliare S.p.A. All conditions for the closing of the transaction have been fulfilled following the approval by the relevant competition authorities.

“Today’s closing is an important milestone in the history of Heidelberg­Cement,” says Dr. Bernd Scheifele, Chairman of the Management Board. “By adding Italcementi to our Group, we are considerably strengthening our global footprint and innovation capabilities. We see significant potential for value creation with the realisation of synergies and by learning from each other’s best practices. From now on, we will focus all our efforts on the integration of Italcementi into our Group.”

On 28.07.2015, HeidelbergCement and Italmobiliare entered into a share purchase agreement about the acquisition of a 45 % shareholding in Italcementi. With today’s closing of the transaction, HeidelbergCement acquired 157.17 million ordinary shares, representing 45 % of the share capital of Italcementi for a total consideration of € 1.67 billion based on a price of €10.60 per Italcementi share. Thereof 82.82 million ordinary shares were acquired against cash. The remaining 74.35 million ordinary shares were acquired against the assignment of 10.5 million newly issued shares of HeidelbergCement. Thereby, Italmobiliare becomes the second largest industrial shareholder of HeidelbergCement with a stake of 5.3 %.

HeidelbergCement expects the entire transaction to be completed in the second half of 2016.

The enlarged HeidelbergCement Group

According to HeidelbergCement with the acquisition, HeidelbergCement becomes the number 1 producer of aggregates, the number 2 in cement and number 3 in ready-mixed concrete worldwide. ­HeidelbergCement enters new important markets, such as France and Italy in ­Europe, Egypt and Morocco in North ­Africa and Thailand in southeast Asia. In the USA, Canada, India and Kazakhstan, the takeover will further strengthen the existing market presence of Heidelberg­Cement. The enlarged Group has activites in around 60 countries with 63 000 employees working at more than 3000 production sites. HeidelbergCement operates 156 cement plants with an annual cement capacity of 197 million t, more than 1700 ready-mixed concrete production sites and over 600 aggregates quarries.

www.heidelbergcement.com

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