CCI clears Heidelberg-Italcementi deal

Competition Commission of India has approved German firm Heidelberg Cement´s proposed acquisition of Italcementi SpA. Under this transaction, Heidelberg will initially buy Italmobiliare´s 45 per cent stake in Italcementi and subsequently make an open offer to buy the remaining shares. As reported, Heidelberg announced plans to buy Italcementi SpA through a transaction worth about $4.1 bn. Contact: Competition Commission of India. Tel: 011-2347 3400. Website: www.cci.gov.in