On October 3rd, Buzzi SpA has completed the acquisition from Grupo Ricardo Brennand of a 50% stake in NCPAR, the equal joint venture through which Buzzi has been operating in Brazil since 2018. As a result of this acquisition, Buzzi now holds 100% control of NCPAR.

NCPAR owns 5 fully integrated cement plants and 2 grinding centers, with a total production capacity of about 7.2 million tons/year.

The price paid by Buzzi for the purchase of the shares was around €300,0 million, determined based on the existing agreements between the parties and the exchange rate fluctuations of the Brazilian real during the summer months. Buzzi has funded the payment with its available liquidity.

For key economic and financial data of NCPAR, please refer to the information provided in Buzzi SpA’s press releases regarding the financial statements for the fiscal year 2023 and the half-yearly financial report as of 30 June 2024, issued on 28 March 2024 and 2 August 2024 respectively.