Italy’s Sacci's creditor banks reject Buzzi Unicem's offer

The creditor banks of Sacci, the Italian cement manufacturer, are reported to have rejected the 99.5% acquisition bid launched by Buzzi Unicem, the other leading Italian cement maker. The €120 million offer had been accepted by Sacci.
May 6, 2015 Read time: 1 min

The creditor banks of Sacci, the Italian cement manufacturer, are reported to have rejected the 99.5% acquisition bid launched by 1451 Buzzi Unicem, the other leading Italian cement maker. The €120 million offer had been accepted by Sacci.

Quarry Products Auctions, Used Equipment, Rental & Finance

For more information on companies in this article

Related Content

April 2, 2015

Italy’s Buzzi Unicem posts €120.5mn net profit in 2014

Buzzi Unicem, the Italian building materials manufacturer, posted a €120.50 million net profit in 2014 from a €43.2 million loss posted in 2013.

Revenues fell 0.1% to €2.51 billion, while EBITDA grew 4.8% to €423 million and by 10.2% at current exchange rates on a like-for-like basis.

The company's net debt dropped by €34.5 million to € 1.06 billion, while Buzzi Unicem's parent company registered a €36.6 million net loss from a €119.6 million loss posted in the previous year.

boombox1

Highlighted Content

boombox2