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Italcementi

February 17, 2009

Redundancies and company closures may fill the business pages in the current climate but one of Italy's foremost business families has announced it is to oversee a huge European cross-border merger.

Redundancies and company closures may fill the business pages in the current climate but one of Italy's foremost business families has announced it is to oversee a huge European cross-border merger.

The Pesenti family's Italcementi Group, the world's fifth largest cement producer, has agreed to simplify the structure of the business by merging with French producer Ciments Francais in which it holds an 82% stake.

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