Ciments Français / Italcementi Group.

Description.

Italcementi SpA is an Italian producer and distributor of cement, ready-mixed concrete and concrete aggregates. Italcementi has an operating subsidiary named Ciments Français S.A.S which is involved in similar operations but is headquartered in France, as opposed to Italy. In 2016, Italcementi was acquired by HeidelbergCement AG.

Website.

https://www.heidelbergcement.com/en/italy

Investment Returns I.

Absolute Return (“Italcementi SpA”) = -22.52%

Holding Period = 1.8 years

Investment Returns II.

Absolute Return (“Ciments Français S.A.S”) = +49.08%

Holding Period = 3.5 years

IRR = +19.89% (EUR), +17.10% (NZD)