Further important steps taken to strengthen financing

HeidelbergCement has taken further important steps to strengthen its financing. On 31 August, HeidelbergCement completed the disposal of its lime business in Germany to the Belgian Lhoist Group. Both companies agreed not to disclose any details about the transaction. In addition, ­HeidelbergCement successfully syndicated the bridge financing for the acquisition of Italcementi. All core banks of HeidelbergCement participated in equal shares in the syndication of the credit line originally provided by the Deutsche Bank and Morgan Stanley. At the same time, the financing volume could be reduced by € 600 million from € 4.4 billion to € 3.8 billion, because the initial risk of a mandatory offer to minority shareholders in Morocco could be excluded.

HeidelbergCement used to operate two lime plants in Germany – Walhalla Kalkwerk in Regensburg and Kalkwerk Istein close to Basel. Both lime plants were modernized in the past years with state-of-the-art kiln technology and generated a turnover of about € 45 million in 2014 with approximately 180 employees.

//www.heidelbergcement.com" target="_blank" >www.heidelbergcement.com:www.heidelbergcement.com


Related articles:

Issue 5/2014 GERMANY

The Istein lime plant is up for sale

It appears that an era is coming to an end at the Istein lime plant, which has been owned by HeidelbergCement (HC) since 1983. Clearly, the HC Group intends to divest itself of its “Lime” business...

Issue 10/2017 LEUBE KALKWERK

Comprehensive refurbishment of a multichamber shaft kiln

The multichamber shaft kiln at Leube Kalkwerk limeworks in Golling/Austria, is an extremely hard worker: Since its installation in 1989, it has been producing 200 t of burnt lime – that’s eight...


Chile and China strengthen International Lime Association

1 South Africa greets its guests Following the ILA General Assembly, the attendees met on Wednesday evening for the welcome reception in the exhibition area. An entertaining dance demonstration got...

Issue 3/2019 WO2019004892 (A1)

A vertical lime kiln

(22) 23.05.2018 (43) 03.01.2019 (57) The present disclosure relates to a vertical lime kiln, specifically adapted for allowing mobility and reuse of the material used for constructing the kiln. The...

Issue 9/2017 US 2017/0159238 A1

Method for utilizing lignin separated from black liquor as lime-kiln fuel

(22) 26.05.2015 (43) 08.06.2017 (57) A method of utilizing lignin-containing material separated from spent kraft pulping liquor including: acidifying the liquor to a pH not less than seven thereby...