EC rejects request by Germany to review deal
The European Commission (EC) has rejected a request from Germany to refer the planned acquisition of Cemex West by Holcim to the German competition authority for assessment unde...
Germany
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AVIC completes takeover offer for KHD
AVIC International Beijing Company announced on Friday the successful completion of a voluntary public takeover offer for shares in German equipment supplier KHD Humboldt Wedag....
Germany: Renewable Energy Sources Act feared by cement sector
The Renewable Energy Sources Act (EEG) is expected to be detrimental to the production of the German cement industry as well as presenting considerable risks to the sector's com...
Citigroup raises HeidelbergCement price target
Analysts at Citigroup have raised the price target for HeidelbergCement and given the German cement major a "buy" rating. The price target was set at EUR61-62. At a current pric...
KHD recommends shareholders accept AVIC offer
The management and supervisory board of KHD Humboldt Wedag International have recommended company shareholders accept a takeover bid from AVIC International at the offer price o...
HeidelbergCement issues Eurobond
HeidelbergCement yesterday priced a Eurobond issue under its EUR10bn EMTN programme with an issuance volume of EUR500m and a maturity date of 21 October 2021. The proceeds of th...
AVIC confirms bid for KHD
AVIC International Engineering has published the offer document for the voluntary public takeover offer to the shareholders of KHD to acquire all shares in KHD. According to a r...
Dr Reinhold Festge elected president of the VDMA
Dr Reinhold Festge is elected VDMA president Dr Reinhold Festge, managing partner of Haver & Boecker in Oelde, Germany, has been elected as president of the German Engineering F...
HeidelbergCement issues a Eurobond
HeidelbergCement yesterday priced a Eurobond issue under its €10bn EMTN programme with an issuance volume of EUR300m and a maturity date of 21 October 2020. The proceeds of the ...
AVIC raises stake in KHD, buy-out offer
China-based AVIC International Holdings Ltd said it will boost its holding in KHD Humboldt Wedag International AG and make a buy-out offer.