VEM acquires further HeidelbergCement shares

VEM Vermögensverwaltung, the investment vehicle of the German investor Ludwig Merckle, has further increased its stake in the German construction materials manufacturer HeidelbergCement. It is reported that VEM has acquired another 350,000 HeidelbergCement shares for what is said to be just under €10 million. VEM thus increases its stake in HeidelbergCement by two percentage points. Up to present VEM's stake in HeidelbergCement amounted to slightly more than 25%, says the reports.
March 26, 2012 Read time: 1 min

VEM Vermögensverwaltung, the investment vehicle of the German investor Ludwig Merckle, has further increased its stake in the German construction materials manufacturer 674 HeidelbergCement.

It is reported that VEM has acquired another 350,000 HeidelbergCement shares for what is said to be just under €10 million.

VEM thus increases its stake in HeidelbergCement by two percentage points. Up to present VEM's stake in HeidelbergCement amounted to slightly more than 25%, says the reports.

Auctions, Used Equipment, Rental & Finance

For more information on companies in this article

Related Content

June 12, 2015

Higher shareholders’ cash returns and disciplined acquisitions key for HeidelbergCement

HeidelbergCement says it will return more cash to shareholders and be "disciplined" about acquisitions, having chosen to stay out of a merger between rivals Holcim and Lafarge that is creating the biggest single cement producer in the industry, Reuters news agency reports. Germany-based HeidelbergCement, which has met significant debt reduction and other financial targets it set in 2009, said on Wednesday it would focus on raising its dividend, expanding the company, cutting debt further and possibly buying

boombox1

Highlighted Content

boombox2