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News HeidelbergCement completes sale of assets in Belgium to Cementir Holding

HeidelbergCement completes sale of assets in Belgium to Cementir Holding

Written by Global Cement staff 26 October 2016
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Belgium: HeidelbergCement has completed the sale of its operations in Belgium, primarily consisting of Italcementi’s subsidiary Compagnie des Ciments Belges (CCB) to an affiliate of Cementir Holding. The European Commission has approved the agreement.

“With the disposal of the Belgium assets we fulfill the obligation of the European Commission and improve the net financial position of HeidelbergCement after the acquisition of Italcementi,” said Bernd Scheifele, CEO of HeidelbergCement.

HeidelbergCement and Cementir Holding announced the sale on 25 July 2016. The transaction has an enterprise value of Euro312m on a cash and debt-free basis.

Last modified on 26 October 2016
Published in Global Cement News
Tagged under
  • Belgium
  • HeidelbergCement
  • Italcementi
  • Sale
  • Compagnie des Ciments Belges
  • Cementir Holding
  • GCW274

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