Two companies active in cement production shine in Piazza Affari: Buzzi Unicem which in the late morning gains more than 1%, ranking among the best stocks in the Ftse Mib, and Italcementi, which in the same minutes records increases of more than 4%.
The news on the consolidation of the sector, which follows the announcement of the merger between the Swiss Holcim and the French Lafarge, has pushed the shares of the two companies. The rumors about the negotiation, which had already spread over the course of last week, had already given life to the titles in the last few days.
According to analysts, the merger between Holcim and Lafarge could turn out to be very positive for the Italian groups, which would have the possibility of buying assets put up for sale by the new group to comply with the diktats of the European Antitrust. Additionally, greater industry concentration could improve company valuations. The new company, as announced by Holcim and Lafarge, will be listed in Paris and Zurich.
