Breadcrumbs

01 October 2015

Offer to purchase cement and concrete business units of SACCI SpA

Buzzi Unicem has been informed by SACCI SpA (SACCI) that today the Court of Rome has declared the admissibility of the application for composition proceedings submitted by SACCI itself on September 21, 2015.

The composition plan includes the binding offer made by Buzzi Unicem for the acquisition of the cement and ready-mix concrete business unit of SACCI itself, which was disseminated with the press release of September 14, 2015.

The composition plan of SACCI will be subject to the vote of the creditors in the meeting set by the Court for January 18, 2016.
If the vote of the creditors of SACCI is positive, it will be further submitted for approval to the Court of Rome.

The offer will be valid and binding until 31 March 2016 and, if the composition plan is endorsed by the Court, the execution of the contract will be nevertheless subject to the approval by the Italian Antitrust Authority.

The acceptance of Buzzi Unicem offer depends on the outcome of the aforesaid composition plan and on the decisions to be taken by the composition plan bodies whose authorization is required to allow the acceptance of the offer by SACCI.

 

Company contacts:
Investor Relations Assistant
Ileana Colla
Tel. +39 0142 416 404
Email : icolla@buzziunicem.it