Edition:
United States

Italcementi Fabbriche Riunite Cemento SpA Bergamo (ITAI.MI)

ITAI.MI on Milan Stock Exchange

10.60EUR
29 Sep 2016
Change (% chg)

€0.02 (+0.19%)
Prev Close
€10.58
Open
€10.58
Day's High
€10.60
Day's Low
€10.57
Volume
823,896
Avg. Vol
1,591,377
52-wk High
€10.65
52-wk Low
€9.37

Latest Key Developments (Source: Significant Developments)

Italcementi H1 net loss widens to EUR 372.8 mln
Tuesday, 2 Aug 2016 03:05am EDT 

Italcementi SpA : Reported on Monday H1 revenue of 2.12 billion euros ($2.37 billion) versus 2.17 billion euros a year ago . H1 net loss of 372.8 million euros versus loss of 32.6 million euros a year ago . H1 results were affected by restructuring expenses and impairment on operations in Belgium for a total of about 320 million euro .Says it is confident to reach in H2 operational results slightly higher than the results booked in the equivalent period of 2015, before non-recurring items.  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

Heidelbergcement issues 750 mln eur bond for Italcementi deal
Wednesday, 25 May 2016 12:45pm EDT 

Heidelbergcement AG : Places 750 million euro bond . Says bond used to refinance Italcementi acquisition .Bond maturity until 2024 at 2.25 pct.  Full Article

HeidelbergCement AG announces the integration plan for Italcementi
Tuesday, 5 Apr 2016 12:51pm EDT 

HeidelbergCement AG:Announces the integration plan for Italcementi.The re-organisation will impact about 400 of the current 2.500 jobs in Italy until 2020.In order to address potential competition concerns, HeidelbergCement has decided to propose the divestment of Italcementi’s entire Belgian operations, primarily consisting of Italcementi’s Belgian subsidiary Compagnie des Ciments Belges SA.  Full Article

Italcementi Fabbriche Riunite Cemento SpA Bergamo proposes no FY 2015 dividend
Thursday, 18 Feb 2016 12:17pm EST 

Italcementi Fabbriche Riunite Cemento SpA Bergamo:To propose not to distribute a dividend for FY 2015 (0.09 euro per share for FY 2014).  Full Article

Italcementi Fabbriche Riunite Cemento SpA Bergamo board approves sale to Italmobiliare SpA of 241 mln euros​ in non-core assets
Friday, 18 Dec 2015 12:24pm EST 

Italcementi Fabbriche Riunite Cemento SpA Bergamo:‍Board approves sale to Italmobiliare of a number of non-core assets of an overall asset value of 241 million euros.  Full Article

Italcementi unit sells 5.24 percent stake in West China cement for HK$ 341 million
Friday, 18 Sep 2015 11:33am EDT 

Italcementi Fabbriche Riunite Cemento SpA Bergamo:Unit CimFra (China) Limited SAS sells entire 5.24 percent stake in West China Cement 2233.HK for HKD 341 million.  Full Article

HeidelbergCement acquires 45 pct of shares in Italcementi S.p.A. from Italmobiliare S.p.A
Tuesday, 28 Jul 2015 02:32pm EDT 

HeidelbergCement AG:Acquires 45 pct of the shares in Italcementi S.p.A. from Italmobiliare S.p.A.Purchase price amounts to 10.60 euros per Italcementi share and therefore a total of around 1.67 billion euros.Purchase price will be partially paid by way of issuing to Italmobiliare S.p.A. at least 7.75 million and at most 10.5 million new shares in HeidelbergCement AG resulting from a yet to be carried out capital increase against contribution in kind.Acquisition will be financed through a bridge financing of 4.4 billion euros provided by a bank consortium.  Full Article

Italcementi Fabbriche Riunite Cemento unit acquires two Holcim facilities
Tuesday, 21 Apr 2015 08:00pm EDT 

Italcementi Fabbriche Riunite Cemento SpA Bergamo:Says its unit Essroc signed an agreement with Holcim to purchase a slag cement grinding facility in Camden, New Jersey.Says as part of the transaction, Essroc to obtain Holcim cement terminal in Everett, Massachusetts.Says the acquisition to be finalized after the completion of the pending Holcim and Lafarge merger.Says Holcim's staff in Camden and Everett will join Essroc.  Full Article

Italcementi Fabbriche Riunite Cemento SpA Bergamo: Standard & Poor's changes corporate rating from BB+ with negative outlook to BB with stable outlook
Friday, 17 Apr 2015 01:00pm EDT 

Italcementi Fabbriche Riunite Cemento SpA Bergamo:Standard & Poor's changes corporate rating from BB+ with negative outlook to BB with stable outlook.  Full Article