As part of its previously disclosed plan to divest a significant portion of its building products business in North America and the United Kingdom, HeidelbergCement has announced that its subsidiary, Hanson Building Products Limited, has filed a registration statement with the US Securities and Exchange Commission for a potential initial public offering (IPO) of its ordinary shares. Hanson Building Products was formed by HeidelbergCement to own and operate a diversified portfolio of concrete and clay building product manufacturing assets and sales channels in the US, Eastern Canada and the UK. The number of shares to be offered and the price range for the potential offering have not yet been determined.
The offering will be made only by means of a prospectus. A copy of the preliminary prospectus related to this offering, when available, may be obtained by visiting EDGAR on the SEC website at www.sec.gov.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
Adapted from HeidelbergCement press release by Louise Fordham
Read the article online at: https://www.worldcement.com/the-americas/15092014/heidelbergcement-announces-filing-of-registration-statement-for-a-potential-ipo-of-hanson-building-products-483/
