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Heidelbergcement and Italcementi to create the second global player in the cement sector, leader in the aggregates Business and the third in ready-mixed concrete

28.07.2015

Italmobiliare and HeidelbergCement, following the agreement regarding the sale to HeidelbergCement of Italmobiliare's 45% stake held in Italcementi, have decided to play an active role in the ongoing consolidation of the construction materials industry by creating the second global player in the cement sector, leader in the aggregates business and the third in ready-mixed concrete.

The rationale of this combination is further supported by a perfect geographical fit with HeidelbergCement's existing footprint - with limited overlap of plants in Belgium and the US – by the significant potential for synergies and the combination of strong Innovation and R&D capabilities of both companies.

The combined group will have a production capacity of about 200 million tons of cement, 275 million tons of aggregates sales and 49 million m3 of ready-mix concrete sales with pro-forma 2014 revenues of about €16.8 billion, generated in more than 60 countries worldwide.

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