Goldman considers stake in HeidelbergCement

Goldman considers stake in HeidelbergCement
16 January 2009

Several private equity firms are interested in purchasing a stake in German HeidelbergCement AG, Wall Street Journal reported on Friday, citing sources in the know.

Among others, the private equity arm of US Goldman Sachs is interested in the cement producer, possibly in co-operation with financial investor TPG Capital. Another candidate is said to be French PAI Partners.

HeidelbergCement gained the most in almost four weeks in Frankfurt on the Wall Street Journal report, rising as much as 8.7 per cent to EUR31.27, the biggest jump since December 22.

Published under Cement News