HeidelbergCement attracted to possible LafargeHolcim Indonesia sell-off

HeidelbergCement could buy parts of LafargeHolcim's business in Indonesia that is up for sale, says HeidelbergCement CEO, Dr Bernd Scheifele.

LafargeHolcim is planning to raise around CHF2bn (US$2.02bn) from selling assets as it reduces its operations, with speculation that its business in Indonesia could be among the candidates for sale, claims Reuters.

"LafargeHolcim is in the market regarding the sale of its entire Indonesia business. In principle we always look at such topics... but it is clear to us that only a part of the package comes into question for reasons of cartel law," Scheifele told reporters.

"If at all, we would be interested in parts, and our Indonesian subsidiary will take a close look at this."