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.