HeidelbergCement’s subsidiary Italcementi has signed contracts with Buzzi Unicem and Colacem about the disposals of cement plants in the northern and central region of Italy. The involved parties agreed not to disclose details of the transactions for the time being.
“These divestments are part of our action plan to accelerate our portfolio optimisation,” said Dr. Scheifele, Chairman of the Managing Board of HeidelbergCement. “We are well on our way to reach our target of € 1.5 billion of disposals by the end of 2020.”
The sale of the Spoleto cement plant to Colacem was already closed at the beginning of April. In addition, Italcementi signed an agreement with Buzzi Unicem about the sale of the Testi cement plant, located in Tuscany, and two grinding plants in Piedmont. Closing of this transaction is expected by the end of July 2019.