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.
