Merckle Group builds stake in HeidelbergCement

Merckle Group builds stake in HeidelbergCement
Published: 30 May 2011

The Merckle Group has acquired more than 400,000 shares in German cement maker HeidelbergCement, according to a regulatory disclosure statement, amounting to over €28.9m. The Merckle Group bought 200,000 shares at a price of EUR 48.31 each on May 20. Three days later, another 201,756 shares were acquired at a price of EUR 47.41 per share.