HeidelbergCement to buy out Teutonia

HeidelbergCement to buy out Teutonia
Published: 27 June 2006

German cement company Teutonia Zementwerk AG said Monday its majority shareholder HeidelbergCement AG will make a cash offer to holders of preference shares ahead of a delisting from the Hanover stock exchange.  HeidelbergCement will make a cash offer of Euro 420 a share, Teutonia reported.  The proposal to delist the company’s preference shares will be put to Teutonia Zementwerk’s annual general meeting on August 30.