- Reuters•last month
German cement and aggregates producer HeidelbergCement has agreed to sell assets in the United States to fulfil anti-trust requirements for its takeover of Italian rival Italcementi, the company said on Thursday. HeidelbergCement said it will sell its Martinsburg, West Virginia cement plant and eight related terminals to Colombian cement-maker Cementos Argos for $660 million and expects the transaction to close in the fourth quarter of 2016. "Together with the disposals of the non-core assets and the Belgium assets of Italcementi we have exceeded our 1 billion euro target on disposal proceeds and thereby further improved the net financial position of HeidelbergCement," Chief Executive Bernd Scheifele said in a statement.
- TheStreet.com•last month
The German cement giant sells its U.S. assets to Colombia's Cementos Argos to placate the Federal Trade Commission over its acquisition of Italy's Italcementi.
HeidelbergCement AG (HDELY)
Other OTC - Other OTC Delayed Price. Currency in USD
|Day's Range||18.63 - 18.86|
|52wk Range||13.47 - 19.04|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||17.46|
|Avg Vol (3m)||23,953|
|Dividend & Yield||0.30 (1.61%)|