HeidelbergCement sells Compagnie des Ciments Belges S.A. to Cementir Holding SpA for €312 million ($339.6 million)
Clients HeidelbergCement AG
Jones Day has advised HeidelbergCement AG, one of the world's largest integrated manufacturers of building materials with leading market positions in aggregates, cement, and ready-mixed concrete, in connection with the sale of 100 percent of the shares of Compagnie des Ciments Belges S.A. (CCB) to Cementir Holding SpA. The disposal was committed to the European Commission in order to address competition concerns caused by the acquisition of the Italcementi Group by HeidelbergCement AG. The transaction has an enterprise value of €312 million ($339.6 million) on cash and debt-free basis.