CCI clears Heidelberg-Italcementi deal

CCI clears Heidelberg-Italcementi deal

The Competition Commission of India has approved German firm Heidelberg Cement´s proposed acquisition of Italcementi S.p.A. In July, Heidelberg announced plans to buy Italcementi SpA through a transaction worth about 3.7 billion euros. the German firm would acquire 45 per cent stake and then make an open offer to other stakeholders.
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