Vicat freefloat to be 30.4% after HeidelbergCement divestment completed
Vicat said the free float in its shares will be 30.4 per cent after banks fully exercised an over allotment option linked to their placing of part of HeidelbergCement AG’s stake on the market.
Vicat and HeidelbergCement said last week that the Germany company had agreed to sell its 35.03 pct holding in the French husiness for 86 eur per share, raising a total of EUR1.4bn.
They said the proportion of Vicat’s capital in free float would rise to 28.1-30.4 per cent from 5.1 per cent, depending on whether the overallotment option was fully exercised.
