Buzzi Unicem SpA (BZU.MI) Key Developments |
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Buzzi Unicem SpA announces execution of the agreement with Wietersdorfer

Wednesday, 30 Jul 2014 12:37pm EDT 

Buzzi Unicem SpA:Says it has executed the agreement entered into with Wietersdorfer on Feb. 18.Effective as of Aug. 1 Buzzi Unicem has transferred to a subsidiary of Wietersdorfer (w&p Cementi SpA) the cement plant located in Cadola (Belluno).Says the option has been formalized which entitles Wietersdorfer to acquire, within five years and without additional payment, the Travesio (Pordenone) cement plant, for a total consideration of about 22 million euros.Buzzi Unicem has purchased a 25 pct interest in the share capital of w&p Cementi SpA and Salonit Anhovo Gradbeni Materiali d.d. (Slovenia), both subsidiaries of Wietersdorfer, for a total consideration of about 22 million euros.W&p Cementi SpA owns a grinding facility in San Vito al Tagliamento (Pordenone) with an annual production capacity of 0.3 million tons.Salonit Anhovo Gradbeni Materiali d.d. operates a full cycle cement plant in Slovenia, recently refurbished and with an annual production capacity of about 1.3 million tons. 

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