Draft agreement between ‘ Holcim Aggregati Calcestruzzi Srl’ and ‘Colabeton SpA’ companies

‘Holcim Aggregati Calcestruzzi S.r.l. ‘ and ‘Colabeton SpA’ have been considering the possibility of entering into a joint venture agreement  , which will entail the conferment of their respective activities in the concrete industry in Northern Italy . This  merger and the consequent combination of  plants, products,  services and know how  will result in a better and more effective response to customers’ demands and needs as well as in higher added-value solutions offered in this  highly complex  market .   

The proposed merger  envisages that  ‘Holcim Aggregati Calcestruzzi’ will transfer the entire company branch operating in the concrete sector , while  ‘Colabeton’ shall transfer the business unit operating in Northern Italy , thus establishing an equal-share company , with  share capital and Board of Directors equally distributed between the two parties.  

The proposed operation was notified to the European Commission Brussels on January 11th,  2017. The Commission  has expressed its intention to transfer the related examination to the competent Italian Authority (‘Autorità Garante della Concorrenza e del Mercato - AGCM)’ . The Commission’s decision  on the aforementioned  transfer  is expected to be taken by the first decade of February , while the final decision by the AGCM by the second quarter of the year.

Mrs. Paola Colaiacovo, current  CEO at ‘Colabeton’ , and Mr. Calogero Santamaria , current  CEO at ‘Holcim Aggregati Calcestruzzi’ both agreed in saying that this operation  will result in  the creation of various opportunities for growth  and in the improvement/increase  of products, services and solutions offered to customers operating in the building sector in Northern Italy.