Ludwig Merckle, a major shareholder of HeidelbergCement AG, has rearranged his holdings in the group, HeidelbergCement said Monday.
Merckle, who has so far divided his stake in various parts of the group, will now hold 25.01%, or the overwhelming part of his holdings, in group unit Spohn Cement Beteilungen GmbH. Merckle altogether has a 25.11% stake in HeidelbergCement.
Merckle has with this move reaffirmed his long-term commitment to HeidelbergCement.
Merckle said he doesn’t plan to increase his voting rights in the next 12 months.