HeidelbergCement completes sale of assets
Published by Rebecca Bowden,
Assistant Editor
World Cement,
HeidelbergCement has completed the sale of its Martinsburg, West Virginia, cement plant, along with eight related terminals, to an affiliate of Cementos Argos. The Federal Trade Commission has previously approved the agreement.
“With the disposal of the US assets we fulfill the obligation of the FTC and improve the net financial position of HeidelbergCement after the acquisition of Italcementi,” said Dr. Bernd Scheifele, CEO of HeidelbergCement. “Thereby we have fulfilled all the obligations in the context of the Italcementi acquisition.”
HeidelbergCement and Cementos Argos announced the sale on 18 August 2016. The transaction purchase price is US$660 million on a cash and debt-free basis.
Read the article online at: https://www.worldcement.com/the-americas/01122016/heidelbergcement-completes-sale-of-assets/
You might also like
The World Cement Podcast - A Roadmap to Sustainability
In this episode of the World Cement Podcast, we are joined by Antonio Carrillo, Vice President for Sustainability at Holcim. Tune in to hear a discussion covering everything from CCUS to the circular economy.
Tune in to the World Cement Podcast on your favourite podcast app today.
