Italcementi Fabbriche Riunite Cemento SpA Bergamo : Said on Tuesday that its board decided on integrating its operations in the Canadian market with the homologous operations of HeidelbergCement AG . The transaction involves the acquisition by Lehigh Hanson Materials Limited (LMH), a Canadian company indirectly held by HeidelbergCement AG, of a 100 percent stake in Essroc Canada ULC (Essroc Canada) share capital . Essroc Canada is currently held by Essroc Corporation ("Essroc Corp"), an American company indirectly held by Italcementi . The consideration value of the transaction amounts to about 371 million Canadian dollars ($281.36 million) . The consideration will be partially paid by assigning to Essroc 42,288 newly issued shares of LHM, equal to 15.5 percent of LHM share capital, while the remaining part will be paid in cash . The transaction has been submitted to the Committee for Transactions with Related Parties (the "Committee") of Italcementi, which assigned Credit Suisse International the task of releasing a fairness opinion as independent expert .On Oct. 3, 2016, the independent expert issued its fairness opinion regarding the transaction and the Committee issued its favourable opinion.