HEIDELBERGCEMENT AG

HeidelbergCement to sell White Cement plant in Egypt

HeidelbergCement has announced that its subsidiary Helwan Cement has entered into an agreement with Emaar Industries to sell its White Cement plant in Minya/Egypt. The deal is valued at an EV/EBITDA multiple of 10.9x. Closing of the transaction is subject to customary conditions as well as the de-merger of the White Cement plant from Helwan Cement and is expected to occur in Q4 2018 or Q1 2019.

“As a niche product with small volumes, the standalone production of white cement does not fit into the strategic focus on efficiency of HeidelbergCement,” said Dr. Bernd Scheifele, Chairman of the Managing Board of HeidelbergCement. “The disposal is part of our global portfolio review and optimization with the goal to generate additional cash flow in order to support our disciplined growth and increase shareholder returns.”

Already in February, Heidelberg-Cement announced the disposal of its white cement business in the USA. The 51 % stake in Lehigh White Cement Company was sold to the minority shareholders.

www.heidelbergcement.com

Related articles:

Issue 4/2018 HEIDELBERGCEMENT AG

HeidelbergCement to sell stake in Lehigh White Cement Company in the USA

HeidelbergCement has announced that its subsidiary Lehigh Cement Company LLC has signed an agreement to sell its 51?% position in Lehigh White Cement Company to the minority shar­eholders Aalborg...

more
Issue 3/2018 HEIDELBERGCEMENT AG

HeidelbergCement to sell its calcium silicate unit business

In in the middle of December 2017 HeidelbergCement announced that it has signed an agreement with H+H International A/S and its subsidiary H+H Deutschland GmbH to sell its German and Swiss calcium...

more
Issue 9/2016 GEBR. PFEIFFER SE

Helwan Cement Company decided on Gebr. Pfeiffer

More than 2000 Gebr. Pfeiffer MPS coal mills are in operation worldwide. The company has its own manufacturing facilities and offers comprehensive service concepts. The company’s technology and...

more
Issue 04/2013

Joint control of Cement ­Australia

Holcim and ­Heidelberg­Cement intend to balance their respective interests in ­Cement Australia and to operate the company as a joint venture. Holcim plans to sell 25?% of the share capital of...

more
Issue 7-8/2016 HEIDELBERGCEMENT AG

HeidelbergCement completes acquisition of 45?% stake in Italcementi

On 01.07.2016, HeidelbergCement AG completed the acquisition of a 45?% shareholding in Italcementi S.p.A. from Italmobiliare S.p.A. All conditions for the closing of the transaction have been...

more