Ludwig Merckle raises stake in HeidelbergCement

Ludwig Merckle raises stake in HeidelbergCement
Published: 08 November 2010

Ludwig Merckle, the son of late billionaire Adolf Merckle, has regained a blocking minority stake in cement maker HeidelbergCement, securing protection against hostile takeover bids.

Merckle’s shareholding exceeded the threshold of 25%, after the Merckle family had disposed of a major part of its stake following dramatic financial blows in the crisis.

Merckle said the repurchase of shares underscores his long-term plans for the company. Merckle does not plan to buy more shares in the next 12 months.

Source: Financial Times Deutschland