Acquisition of Italcementi completed
HeidelbergCement acquire all remaining shares and establish new board of directors
ON 12 October 2016, HeidelbergCement purchased the remaining Italcementi shares that had not been tendered in the mandatory tender offer.
Italcementi shares were delisted from the Italian Stock Exchange on the same day.
The German building materials giant is now the sole shareholder of Italcementi and owns 100% of the share capital.
In a shareholder meeting on 19 October, a new board of directors was established for Italcementi.
The new members are: Luca Sabelli, chairman; Dominik von Achten, executive vice-president; Lorenz Näger, executive vice-president; and Roberto Callieri, chief executive officer.
Following the acquisition, HeidelbergCement now employ some 63,000 people at more than 3,000 locations in around 60 countries.
