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Cementir Holding SpA (CEMI.MI)

CEMI.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cementir Holding H1 net profit drops to EUR 11.0 mln
Friday, 29 Jul 2016 02:43am EDT 

Cementir Holding SpA : Reported on Thursday H1 revenue of 481.0 million euros ($533.04 million) versus 475.7 million euros year ago . Q2 revenue 270.6 million euros versus 271.0 million euros year ago . H1 net profit 11.0 million euros versus 23.9 million euros year ago . Says geopolitical events that continue to affect Turkey and Egypt make it difficult to develop reliable predictions about the market for the rest of the year .Confirms FY 2016 targets.  Full Article

Cementir Holding acquires assets in Belgium from HeidelbergCement
Monday, 25 Jul 2016 02:44am EDT 

Cementir Holding Spa : Cementir Holding acquires assets in Belgium from HeidelbergCement . Aalborg Portland Holding A/S, a subsidiary indirectly 100 pct controlled by Cementir Holding, has entered into an agreement with Ciments Franais S.A.S, a company controlled by Italcementi and a subsidiary of HeidelbergCement, to acquire operations in Belgium, primarily consisting of Italcementi's Belgian subsidiary Compagnie des Ciments Belges SA (CCB) . The transaction is expected to be closed in second half of 2016 .Transaction has an enterprise value of 312 million euros ($342.11 million)on a cash and debt-free basis.  Full Article

Cementir Holding agrees financing for acquisition of Sacci SpA business division
Wednesday, 13 Jul 2016 01:53am EDT 

Cementir Holding SpA : Said on Tuesday its board of directors has approved financing for 125 million euros ($138.31 million) granted by ICAL 2 SpA . Intends to use the financing to fund acquisition of a business division of Sacci SpA, for which co's subsidiary Cementir Italia SpA has made an offer .Financing is expected to be disbursed only after the conditions precedent of the offer have been fulfilled.  Full Article

Cementir Holding says court approved composition with creditors of Sacci
Wednesday, 8 Jun 2016 12:34pm EDT 

Cementir Holding SpA : Court of Rome approved composition with creditors of Sacci SpA .Composition with creditors includes offer to purchase Sacci SpA business divisions by Cementir Holding's unit Cementir Italia SpA.  Full Article

Cementir Holding Q1 pre-tax result swings to loss of EUR 6.0 mln
Wednesday, 11 May 2016 10:53am EDT 

Cementir Holding SpA : Q1 revenue 210.4 million euros ($240.53 million) versus 204.7 million euros a year ago . Q1 pre-tax loss 6.0 million euros versus profit 3.8 million euros a year ago .Sees FY 2016 EBITDA at 190 million euros.  Full Article

Cementir Holding SpA proposes FY 2015 dividend
Thursday, 10 Mar 2016 09:27am EST 

Cementir Holding SpA:Proposes dividend of 0.10 euro per share‍​.  Full Article

Italian Antitrust Authority approves Cementir Holding purchase offer of Sacci business division
Monday, 7 Mar 2016 10:00am EST 

Cementir Holding SpA:Italian Antitrust Authority published its decision not to carry out an investigation about the purchase transaction of the business division of Sacci SpA, thus authorizing subsidiary Cementir Italia to proceed with the acquisition.  Full Article

Cementir Holding SpA notified Sacci's hearing for composition with creditors postponed to March 14
Friday, 22 Jan 2016 04:11am EST 

Cementir Holding SpA:Court of Rome has further changed to March 14, 2016 the date of hearing when Sacci SpA (Sacci)'s composition with creditors will be subject to the vote of creditors.On Dec. 29, 2015, Sacci has decided to include the 125 million euro offer from Cementir Italia for its cement and ready-mixed concrete unit in the Sacci creditor protection plan.  Full Article

Cementir Holding SpA - Italy's antitrust body opens probe into alleged cement price fixing - Reuters
Thursday, 26 Nov 2015 08:53am EST 

Cementir Holding 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

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