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HeidelbergCement Explores Sale of Spanish Assets
This content was published on February 17, 2021 - 17:11
February 17, 2021 - 17:11
(Bloomberg) HeidelbergCement AG is exploring the sale of Spanish assets as Chief Executive Officer Dominik von Achten carries out plans to divest peripheral businesses, according to people familiar with the matter.
The German company is reviewing its Spanish portfolio, which includes three cement plants and related businesses, said the people, who asked not to be identified because the discussions are private. While HeidelbergCement is likely to sell a plant in Malaga, it could eventually expand that to include sites around San Sebastian and Bilbao too, one of the people said.
HeidelbergCement Explores $1.5 Billion U.S. Asset Sale
This content was published on December 23, 2020 - 08:16
December 23, 2020 - 08:16
(Bloomberg) HeidelbergCement AG is exploring the sale of U.S. assets as Chief Executive Officer Dominik von Achten seeks to divest peripheral businesses, according to people familiar with the matter.
Germany’s largest cement maker is working with Morgan Stanley on the sale of the operations in California, the people said, asking not to be identified because discussions are private. The unit could fetch around $1.5 billion, the people said.
HeidelbergCement’s advisers recently sent initial marketing documents to potential buyers, according to the people. They have approached rivals including Martin Marietta Materials Inc., Cemex SAB, CRH Plc, Summit Materials Inc. and LafargeHolcim Ltd., as well as other cement makers in emerging markets like China and Latin America, they said.