Italian Buzzi Unicem sells its cement business in Ukraine
The Italian group Buzzi Unicem, through its subsidiary Dyckerhoff, has reached an agreement to sell part of its businesses in Eastern Europe for 100 million euros. In particular, the group will sell its cement factories in Ukraine, Buzzi website reports.
Completion of the deal in Ukraine is expected in 2024 and depends on obtaining the necessary permits from regulatory authorities.
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In Ukraine, Buzzi owns two full-cycle cement plants located near Rivne (Volyn-Cement) and Mykolaiv (Pivden-Cement), as well as two cement distribution terminals. The group also extensively works in the ready-mixed concrete sector in Kyiv, Odesa, and Mykolaiv.
The buyer of Ukrainian assets is the international group Cement Roadstone Holding (CRH), registered in Ireland. The group operates in 29 countries and manages 100 factories.
In Ukraine, CRH is represented by the Cemark brand, which owns cement factories in Khmelnytskyi, Lviv, and Odesa oblasts.
Buzzi will also sell CRH its cement business in Slovakia, where the Italian group operates six cement plants, as part of the deal.