Blackstone bids for HeidelbergCement unit

Blackstone bids for  HeidelbergCement unit
10 July 2007

Private equity companies including Blackstone and Bain Capital have bid for HeidelbergCement’s ’s maxit unit, Dow Jones Newswires reported, citing unidentified people who know of the negotiations.  
Other parties interested in the unit, which Germany’s largest cement maker plans to sell to pay for a takeover, include buyout companies TPG Advisors, EQT and  CVC Capital Patners [CVC.UL], Dow Jones reported after markets in Europe closed on Monday.  
A spokeswoman for  HeidelbergCement declined to comment on the report on maxit, which makes clay and mortar. 
Published under Cement News