22 November 2018

Closing of the agreement with Grupo Ricardo Brennand

Today, Buzzi Unicem has executed the agreement which was signed with Grupo Ricardo Brennand on 6 September 2018 and disclosed to the market on the same date. In particular, Buzzi Unicem has purchased 50% of BCPAR SA, acquiring the totality of the shares held by the current minority shareholders (BNDESPAR and FIP MPlus), a part of the shares held by Brennand Cimentos, and underwriting a dedicated capital increase of the same company BCPAR SA. Grupo Ricardo Brennand and Buzzi Unicem have also signed the shareholders' agreement which was already described in the press release dated 6 September 2018 and providing for the governance of the joint venture BCPAR SA as well as the Put option (exercisable from 1 January 2023) and Call option (exercisable from 1 January 2025) referring to the residual ownership interest by Brennand Cimentos.

The cash outlay of R$700 million (of which R$350 million for the share purchase and R$350 million for the capital increase), corresponding to approximately €160 million, has occurred at the same time as the purchase of the shares.

Company contacts:
Investor Relations Assistant
Ileana Colla
Tel. +39 0142 416 404