euro adhoc: HeidelbergCement AG
Strategic management decisions /
HeidelbergCement to sell maxit Group to Saint Gobain
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Spin-offs
06.08.2007
HeidelbergCement announces that it has entered into an agreement with Compagnie de Saint Gobain on the sale of maxit Group. The purchase price amounts to EUR 2.125 million. The closing is subject to regulatory approval and HeidelbergCement expects the transaction to close in late 2007.
With the sale of maxit HeidelbergCement pursues consequently its strategy of focusing on processing and refining of raw materials for its core products cement and aggregates and further downstream activities. HeidelbergCement will use the transaction proceeds to help finance its acquisition of the British building materials producer Hanson PLC announced earlier this year.
end of announcement euro adhoc 07.08.2007 07:33:16
Further inquiry note:
Dr. Brigitte Fickel
+49(0)6221/481-227
IR-info@heidelbergcement.com
Branche: Construction & Property
ISIN: DE0006047004
WKN: 604700
Index: HDAX, MDAX, Classic All Share, Midcap Market Index, Prime All
Share, CDAX
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Hannover / free trade
Börse Stuttgart / official dealing
Börse Düsseldorf / official dealing
Börse München / official dealing