Bids for HeidelbergCement’s Maxit value unit At EUR2bn

Bids for HeidelbergCement’s Maxit value unit At EUR2bn
Published: 19 July 2007

HeidelbergCement AG has received bids for the auction of its Maxit unit that value the unit around EUR2bn, Financial Times Deutschland reports ahead of publication Thursday, citing several sources.  
 
A HeidelbergCement spokeswoman declined to comment on the report.  
 
According to the newspaper, the bidding process is in the last round, and PAI, Texas Pacific Group and Cinven Group Ltd. are among the remaining bidders.  
 
HeidelbergCement plans to use the proceeds of the sale of the Maxit unit to help finance the acquisition of Hanson PLC.