Over the course of the night, Buzzi SpA received notification of the exercise of the put option granted as part of the existing agreements to Grupo Ricardo Brennand, concerning the 50% stake in NCPAR (formerly BCPAR), the equal joint venture through which Buzzi has been operating in Brazil since 2018.
As a result of this exercise Buzzi will acquire 100% control of NCPAR.
NCPAR owns 5 fully integrated cement plants and 2 grinding centers, with a total production capacity of over 7.2 million tons/year. 
The price will be determined based on the existing agreements and may also vary depending on the exchange rate of the real. It is currently estimated that the total investment will range between €290 and €310 million. Buzzi will fund the payment with its available liquidity.
The execution of the sale agreement, following the exercise of the put option, is subject to approval by the Brazilian antitrust authority (CADE). It is believed that the transfer of the stake will likely take place by the end of the current fiscal year.

Company contacts:
Investor Relations Assistant
Ileana Colla
Phone. +39 0142 416 404
Email: ileana.colla@buzzi.com