HeidelbergCement considering US cement plants

HeidelbergCement considering US cement plants
09 July 2014

HeidelbergCement might buy the US and French cement plants that Lafarge and Holcim want to divest in order to receive the regulatory approval for their merger deal, according to Jefferies.

Financial analysts Jefferies said in a note that HeidelbergCement managers told representatives during a capital markets day event on 2 July in California that the potential merger would be a "once in a generation" opportunity to acquire assets.

CEO Bernd Scheifele and CFO Lorenz Naeger were among the executives who spoke that day.
Managers also said HeidelbergCement would finance any purchase from the proceeds of a planned divestment of the Building Products business, its cash flow and potentially by taking on additional debt, but would not issue equity.

Published under Cement News