Calcestruzzi in concrete cartel investigation

Sicily based Calcestruzzi’s business practices have been placed under the spotlight again after some of its staff were arrested in connection with an investigation into the supply of concrete. The employees are accused of working with the local mafia to control the supply of concrete in Sicily and for criminal offences and fraud in public supply contracts. The Italcementi’s subsidiary has been previously linked to mafia control and in December 2007 Italcementi temporarily suspended the operation of the comp
April 3, 2012 Read time: 1 min

Sicily based 1592 Calcestruzzi’s business practices have been placed under the spotlight again after some of its staff were arrested in connection with an investigation into the supply of concrete. The employees are accused of working with the local mafia to control the supply of concrete in Sicily and for criminal offences and fraud in public supply contracts.

The 726 Italcementi’s subsidiary has been previously linked to mafia control and in December 2007 Italcementi temporarily suspended the operation of the company.

For more information on companies in this article

Related Content

March 28, 2012

Calcestruzzi to be reunited with Italcementi

Sicily-based Calcestruzzi is to the re-incorporated into Italcementi following a decision by the court of Caltanissetta to revoke in full the preventive seizure of the company and an order for the return of the company assets to entitled shareholders. Calcestruzzi’s assets were removed from the control of Italcementi in 2007 following reports of mafia involvement and price fixing.

March 30, 2012

Italcementi restructures Italian assets

Italy-based Italcementi is restructuring its position in Sardinia and Sicily with news of an acquisition and asset sell off. The company is reported to have acquired Sardinia-based Star, which specialises in pre-packed concrete, from Promoport. While in Sicily, the company has sold off parts of Calcestruzzi to Betonir, which is a subsidiary of Cementir, for a combination of cash and exchange of assets including a 30% stake in Speedybeton and a 15% stake in Cemencal.

boombox1

Highlighted Content

boombox2