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News HeidelbergCement shortlists bidders for Belgium and US assets

HeidelbergCement shortlists bidders for Belgium and US assets

Written by Global Cement staff 27 June 2016
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Belgium/US: HeidelbergCement has made a shortlist of potential bidders for assets in Belgium and the US that should be divested as part of its acquisition of Italcementi, according to Bloomberg. Bidders for Italcementi’s Belgian business include Turkey’s Çimsa Çimento and Italy’s Cementir Holding. The business are valued at around US$400m. Bidders for Italcementi’s US assets include Summit Materials and CRH. This business are valued at around US$600m according to sources quoted by Bloomberg. All shortlisted bidders will face a due diligence process.

Last modified on 28 June 2016
Published in Global Cement News
Tagged under
  • Belgium
  • US
  • HeidelbergCement
  • Italcementi
  • ESSROC
  • Çimsa Çimento Sanayi & Ticaret
  • Cementir Holding
  • CRH
  • Summit Materials
  • Sale
  • Bid
  • GCW257

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