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News HeidelbergCement to sell building products business

HeidelbergCement to sell building products business

Written by Global Cement staff 18 June 2014
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Germany: HeidelbergCement intends to sell its building products business and has already contacted several banks about the deal. The division is expected to be sold for Euro1.1 – 1.5bn, according to the Financial Times. CEO Bernd Scheifele has been reportedly planning on conducting the sale for a long period. In the 2013 financial year the company's building products business saw its revenue fall by a tenth to Euro1.1bn.

Last modified on 18 June 2014
Published in Global Cement News
Tagged under
  • Germany
  • GCW155
  • HeidelbergCement
  • Sales

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