Ciments du Maroc may become a part of the major acquisition deal
Germany-based HeidelbergCement is likely to acquire 45 percent stake in Italcementi, reports Leeconomiste.
The acquisition is subject to approval from the competition authorities.
Meanwhile, Ciments du Maroc is likely to become a part of the largest merger.
The acquisition will give the Italian company a total value of 6.7 billion euros (eleven times its gross operating margin).
Ciment du Maroc and Italcementi will weigh 16.8 billion in combined revenue, with a production capacity of 200 million tons of cement, 275 million tons of aggregates and 49 million cubic meters of ready concrete (BPE) in 60 countries.