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HeidelbergCement completes deal to acquire 55% of Italcementi

HeidelbergCement AG on Sept. 30 closed its deal to acquire 55% of Italcementi SpA for a transaction value of €5.13 billion.

The company offered €10.6 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Blake Cassels & Graydon LLP, Gleiss Lutz, Jones Day, Simpson Thacher & Bartlett LLP and Studio Legale Sabelli were the legal advisers for HeidelbergCement.

Cleary Gottlieb Steen & Hamilton LLP (Milan) and White & Case LLP were the legal advisers for Italcementi.