Holcim Cesko buy-out bid

Holcim Cesko buy-out bid
Published: 22 August 2005

Holcim plans, which controls 96 per cent in its Czech unit Holcim Cesko, will launch a buyout bid for the remaining shares in the company, it was announced on August 16, 2005.  Holcim will offer Holcim Cesko shareholders 2328 crowns ($100/80 euro) per share.  Holcim Cesko’s extraordinary shareholders’ meeting will discuss the bid at the end of August, 2005.  Holcim owns the Czech company through its German unit Breitenburger Auslandbeteiligungs GmbH.