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ITM Italmobiliare Spa

28.55
0.65 (2.33%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Italmobiliare Spa BIT:ITM Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.65 2.33% 28.55 28.00 28.75 28.65 27.75 27.90 56,135 17:00:00

HeidelbergCement, Italcementi In Deal Talks

28/07/2015 7:20pm

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Germany's HeidelbergCement AG and Italian rival Italcementi SpA are discussing a combination, according to people familiar with the matter, in a deal that would further consolidate Europe's building-materials industry.

Italcementi had a market value Tuesday of €2.3 billion ($2.5 billion), meaning that, with a typical takeover premium, a tie-up could value it at more than $3 billion should the company be bought out in full. Details of the combination the companies are discussing couldn't be learned.

HeidelbergCement had a market capitalization of €13.3 billion.

Write to Shayndi Raice at shayndi.raice@wsj.com, Eyk Henning at eyk.henning@wsj.com and Eric Sylvers at eric.sylvers@wsj.com

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