October 2, 2016 / 5:51 PM / a year ago

Heidelbergcement acquires 96 percent of Italcementi, will buy rest

FRANKFURT (Reuters) - Germany’s HeidelbergCement (HEIG.DE) owns 96.4 percent of Italcementi ITAI.MI following a public tender offer and will exercise its right to buy the rest at the same price of 10.60 euros per share, it said on Sunday.

A logo of HeidelbergCement is pictured at their headquarters in Heidelberg, Germany, June 21, 2016. Picture taken June 21, 2016. REUTERS/Ralph Orlowski

    HeidelbergCement said it expected to complete the acquisition, the biggest in its history at 6.7 billion euros ($7.5 billion), by the end of this month.

    Reporting by Georgina Prodhan; Editing by Ruth Pitchford

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