Buzzi Unicem SpA (BZU.MI)
24 Mar 2017
Latest Key Developments (Source: Significant Developments)
Buzzi Unicem SpA
Buzzi Unicem SpA:Italy's antitrust authority has opened an investigtation into four cement makers for alleged price fixing and, with the tax police, has searched the offices of the companies, it said in a statement on Thursday - RTRS.The companies under investigation are Buzzi Unicem BZU.MI, Cementir Italia CEMI.MI, Industria Cementi Giovanni Rossi and Holcim Italia, the watchdog said - RTRS."The case concerns the possibility of an agreement ... to coordinate cement sales price increases," it added.Holcim Italia, part of the LafargeHolcim Group LHN.VX, confirmed the inspections - RTRS.It said the company had always acted according to the law and has "policies and procedures in place that are designed to ensure compliance with principles and rules of fair competition prohibiting anti-competitive behaviour and the abuse of a dominant market position" - RTRS. Full Article
ROME/MILAN, Oct 27 Italy's Cementir Holding will launch its first ever bond next year as the cement maker takes advantage of record-low interest rates to fund two recent acquisitions, its chief executive said, adding he was still interested in more deals.