Today Buzzi Unicem SpA has signed an enforceable agreement for the purchase from HeidelbergCement (more precisely from Italsacci SpA, Italcementi SpA, Cemitaly SpA) of three companies respectively holding a cement plant located in Tuscany (Greve in Chianti) and two grinding units in Piedmont (Borgo San Dalmazzo and Arquata Scrivia).
The transaction is part of the plan aimed at strengthening the national market position, in the framework of the rationalization and consolidation process of the production structure that has been underway in Italy for some years. The transaction, all the determining factors being equal, will also have a positive impact on the profitability of the cement division in Italy, thanks to synergies deriving from economies of scale and to sales and logistics optimization. The execution of the agreement is expected by 31 July 2019.