Economy & Market
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.