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News Buzzi Unicem and Wietersdorfer deal completed

Buzzi Unicem and Wietersdorfer deal completed

Written by Global Cement staff 01 August 2014
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Italy/Slovenia: Buzzi Unicem has completed a strategic agreement with Austria's Wietersdorfer & Peggauer, which was initially announced in February 2014. Under the terms of the deal, W&P Cementi, Wietersdorfer & Peggauer's Italian subsidiary, has acquired Buzzi Unicem's 0.3Mt/yr cement plant in Cadola, Belluno Province, Italy. W&P Cementi has also won the right to purchase Buzzi Unicem's 0.4Mt/yr cement plant in Travesio, Pordenone Province, Italy within the next five years for Euro22m. At the same time, Buzzi Unicem has paid Euro22m for a 25% stake in W&P Cementi and a 25% stake in Salonit Anhovo, Wietersdorfer & Peggauer's Slovenian subsidiary.

Last modified on 06 August 2014
Published in Global Cement News
Tagged under
  • Italy
  • Buzzi
  • Slovenia
  • Wietersdorfer
  • W&P Cementi
  • GCW162

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