Key Developments: Italcementi Fabbriche Riunite Cemento SpA Bergamo (ITAI.MI)

ITAI.MI on Milan Stock Exchange

5.18EUR
19 Sep 2014
Price Change (% chg)

€-0.02 (-0.38%)
Prev Close
€5.20
Open
€5.23
Day's High
€5.29
Day's Low
€5.14
Volume
580,146
Avg. Vol
812,507
52-wk High
€8.84
52-wk Low
€4.64

Search Stocks

Latest Key Developments (Source: Significant Developments)

Moody’s confirms Italcementi Fabbriche Riunite Cemento SpA Bergamo's corporate family rating; outlook to positive
Thursday, 31 Jul 2014 12:56pm EDT 

Italcementi Fabbriche Riunite Cemento SpA Bergamo:Says the rating agency Moody’s confirmed the Ba3 corporate family rating, while the outlook is changed to positive from stable.The same rating is affirmed for the EMTN programme and for the subsidiary Italcementi Finance.  Full Article

Italcementi Fabbriche Riunite Cemento SpA Bergamo confirms FY 2014 EBITDA outlook
Wednesday, 30 Jul 2014 11:55am EDT 

Italcementi Fabbriche Riunite Cemento SpA Bergamo:The Group feels able to confirm that, largely thanks to the performance expected in the final months of the year, it will report growth in FY 2014 recurring EBITDA compared with the figure for FY 2013.FY 2014 EBITDA at 659.13 mln euros (2013: 618.00 mln euros)-Thomson Reuters I/B/E/S.  Full Article

Italcementi Fabbriche Riunite Cemento SpA Bergamo concludes share capital increase for 499,979,628.82 euros
Monday, 7 Jul 2014 11:52am EDT 

Italcementi Fabbriche Riunite Cemento SpA Bergamo:Says it concluded the share capital increase with the offer of the maximum 103,622,721 newly issued ordinary shares for a total of 499,979,628.82 euros.During the offer period between June 9 and June 27, there have been subscribed 103,025,151 shares, equal to 99.42 pct of the issued shares, for a total of 497,096,353.57 euros.All non subscribed shares have been sold on July 2 and 597,570 shares have been subscribed, equal to 0.58 pct the shares, for a total of 2,883,275.25 euros.Says the share capital increase was thus concluded with the entire subscription of the 103,622,721 shares, for a total of 499,979,628.82 euros.  Full Article

Italcementi reaches threshold for squeeze-out of Ciments Francais-Reuters
Wednesday, 2 Jul 2014 08:00pm EDT 

Ciments Francais SA:Italcementi has bought more than 95 pct capital of Ciments Francais, reaching threshold for squeeze-out of minorities-Reuters.Squeeze-out will lead to delisting of Ciments Francais from Paris stock exchange within the next three months.  Full Article

Italcementi Fabbriche Riunite Cemento SpA Bergamo announces subscription of 99.42 pct of new offered shares for overall coutnervalue of 497,096,353.57 euros
Friday, 27 Jun 2014 01:02pm EDT 

Italcementi Fabbriche Riunite Cemento SpA Bergamo:Announces the conclusion of the period for the exercise of option rights relating to the offering in option of a maximum 103,622,721 newly issued Italcementi ordinary shares.The offer arises from the share capital increase approved by the company Board of Directors at their meetings on March 6, May 19 and June 5, by virtue of the powers granted to the Board by the extraordinary shareholders' meeting held on April 17.During the offering period (June 9 - June 27), 240,392,019 option rights were exercised for subscription of 103,025,151 shares, representing 99.42 pct of the total number of offered shares, for an overall countervalue of 497,096,353.57 euros.In particlar, by virtue of the subscription commitment undertaken by the shareholder Italmobiliare SpA, it exercised 108,871,483 option rights to subscribe 46,659,207 shares, for an overall countervalue of 225,130,673.78 euros.At the closing of the offering period, 1,394,330 option rights had not been exercised for subscription of a total of 597,570 shares, representing 0.58 pct of the total number of offered shares, for an overall countervalue of 2,883,275.25 euros.The not exercised rights will be offered on the stock exchange on behalf of the Issuer, by UniCredit Bank AG (Milan Branch), in the sessions of July 2, 3, 4, 7 and 8.  Full Article

Italcementi Fabbriche Riunite Cemento SpA Bergamo announces new financing contract for 450 mln euros
Thursday, 19 Jun 2014 12:08pm EDT 

Italcementi Fabbriche Riunite Cemento SpA Bergamo:Says it signed a new financing contract, subscribed by Italcementi Finance SA with 14 international banks, for 450 mln euros and with a five year duration.Says the financing contract replaces the credit line for 920 mln euros expiring in Sept. 2015.  Full Article

Italcementi to launch public tender on Ciments Francais-Reuters
Wednesday, 11 Jun 2014 08:00pm EDT 

Ciments Francais SA:Italcementi's public offer for company to be launched on June 13 and closed on July 3 - Reuters.Italcementi holds about 85 pct stake in company.Squeeze-out considered three months after offer closing if more than 95 pct stake is acquired.Offer and potential squeeze-out price 79.50 euros per share.  Full Article

Italcementi Fabbriche Riunite Cemento SpA Bergamo establishes 499,979,628.82 euros share capital increase at 4.825 euros per share
Thursday, 5 Jun 2014 01:59pm EDT 

Italcementi Fabbriche Riunite Cemento SpA Bergamo:Says the Board, by virtue of the delegation granted by the extraordinary shareholders’ meeting for transactions up to maximum of 500 mln euros on April 17, has approved the details of a share capital increase of 499,979,628.82 euros including share premium.The share capital increase is established at 4.825 euros per share.The shares will be offered at a ratio of 3 newly issued shares for each 7 shares held.The discount with respect to the TERP is equal to 32.67 pct.The transaction will be carried out on June 9.  Full Article

Italcementi Fabbriche Riunite Cemento SpA Bergamo sets price in Ciments Francais bid at 79.5 euros per share-Reuters
Monday, 19 May 2014 08:00pm EDT 

Italcementi Fabbriche Riunite Cemento SpA Bergamo:Italcementi fixes price in takeover bid for the shares in its French unit Ciments Francais that it does not yet own at 79.5 euros per share-Reuters.  Full Article

Italcementi Fabbriche Riunite Cemento SpA Bergamo confirms FY 2014 EBITDA guidance
Thursday, 8 May 2014 12:32pm EDT 

Italcementi Fabbriche Riunite Cemento SpA Bergamo:Confirms its expectation of an improvement in full FY 2014 recurring EBITDA compared with 2013, subject to, to date, unforeseeable events.FY 2014 EBITDA at 676.08 mln euros (2013: 618.00 mln euros)-Thomson Reuters I/B/E/S.  Full Article

Italcementi's bid on Ciments Francais to start on June 13

MILAN - Italian cement maker Italcementi said on Thursday its takeover bid on its French unit Ciments Francais would start on June 13 and end on July 3.

Search Stocks