Italy's Buzzi concludes sale of assets in Ukraine to CRH for $100 million
14/10/2024 13:32
Oct 14 (Reuters) - Italian construction group Buzzi
BZU.MI has finalised the sale of its assets in Ukraine to
Dublin-based group CRH, the company said in a statement on
Monday, following the go-ahead from the country's competition
watchdog in September.
The sale, which was initially agreed in June 2023 and whose
completion was pending regulatory approval due to concerns
raised by Ukraine's Antimonopoly Committee, is worth 0.1 billion
euros ($109.13 million).
Buzzi's assets in Ukraine include two cement plants and two
distribution terminals, along with ready-mix concrete plants in
three cities. Its operations in the country contributed just
over 2% of its net sales as of June 30, 2024.
($1 = 0.9163 euros)
(Reporting by Enrico Sciacovelli, editing by Cristina
Carlevaro)
((Enrico.Sciacovelli@thomsonreuters.com; +48587720309;))