HeidelbergCement’s acquisition of Italcementi to close in the first half of 2016

Bymc2008

Updated Mon, 14 Sep 2015 13:45:17 GMT

Germany/Italy: Italcementi's CEO Carlo Pesenti said that the acquisition of Italcementi by HeidelbergCement is expected to be completed in the first half of 2016, according to Dow Jones. September 2015 will be dedicated to speaking to European and national regulators to receive approval for the deal. Pesenti said that he will join the supervisory board of HeidelbergCement and plans to keep an active role in the company.