HEIDELBERGCEMENT AG

HeidelbergCement completes sale of assets in Belgium to ­Cementir Holding in the context of the Italcementi acquisition

On 25.10.2016 HeidelbergCement has completed the sale of operations in Belgium, primarily consisting of Italcementi’s Belgian subsidiary Compagnie des Ciments Belges S.A. (CCB) to an affiliate of C­ementir Holding. Previously, the European Commission had approved the agreement.

“With the disposal of the Belgium assets we fulfill the obligation of the E­uropean Commission and improve the net financial position of HeidelbergCement after the acquisition of Italcementi,” said Dr. Bernd Scheifele, CEO of HeidelbergCement.

HeidelbergCement and Cementir Holding announced the sale on 25.07.2016. The transaction has an enterprise value of € 312 million on a cash and debt-free basis.

www.heidelbergcement.com

x

Related articles:

Issue 9/2016 HEIDELBERGCEMENT AG

HeidelbergCement to sell assets in Belgium to Cementir Holding

HeidelbergCement, through its subsidiary Ciments Français S.A.S, has entered into an agreement with Aalborg Portland Holding A/S, a subsidiary indirectly 100?% controlled by Cementir Holding, to sell...

more
HEIDELBERGCEMENT AG

HeidelbergCement subsidiary Italcementi completes acquisition of Cementir Italia

On 02.01.2018, HeidelbergCement subsidiary Italcementi completed the acquisition of Cementir Italia. All conditions for the closing of the transaction have been fulfilled following the approval by the...

more

HeidelbergCement completes sale of assets in the US to Cementos Argos

HeidelbergCement has completed the sale of its Martinsburg, West Virginia cement plant and eight related terminals to an affiliate of Cementos Argos. Previously, the Federal Trade Commission (FTC) had...

more
Issue 5/2016 HEIDELBERGCEMENT

HeidelbergCement announces the ­integration plan for Italcementi

At the beginning of April 2016 ­Heidelberg­Cement announced the project to restructure the Italian operations of Italcementi S.p.A. On 28.07.2015, H­eidelbergCement had entered into an agreement to...

more
Issue 11/2017 HEIDELBERGCEMENT AG

HeidelbergCement to grow its position in Italy

On 19.09.2017, HeidelbergCement announced that its Italian subsidiary Italcementi has entered into an agreement with Cementir Holding to buy Cementir Italia, including the fully controlled...

more