Cementir, here’s how Caltagirone sucks public subsidies in Denmark.
Aalborg Portland, a company controlled by Cementir Holding, will receive a subsidy from the Danish government for a CO2 capture project at cement plants. Numbers and details.
Why Cementir is faltering on the stock market and Caltagirone is coming to the rescue
After the slump in Cementir’s stock following the quarterly results, Chupas 2007, the financial holding led by Francesco Caltagirone Jr., purchases 50,000 Cementir shares for approximately 719,000 euros. A harsh winter, Turkey’s slowdown, and sharply declining margins weigh heavily, but net cash increases.
