HeidelbergCement expects the information on the sale process of its building products business will be sent out to potential buyers in late September, said the firm’s chief executive Bernd Scheifele.
Speaking to reporters after the German cement maker released its Q2 2014 results, Scheifele said he expected the sale of the building products business to be concluded swiftly because the potential buyers are private equity funds, not industrial buyers, and therefore there would be no cartel issues weighing
August 1, 2014
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674 HeidelbergCement expects the information on the sale process of its building products business will be sent out to potential buyers in late September, said the firm’s chief executive Bernd Scheifele.
Speaking to reporters after the German cement maker released its Q2 2014 results, Scheifele said he expected the sale of the building products business to be concluded swiftly because the potential buyers are private equity funds, not industrial buyers, and therefore there would be no cartel issues weighing on the deal.
He said HeidelbergCement would look at the assets to be sold by 725 Lafarge and 680 Holcim but that it would not be interested in those located in the United Kingdom and Germany due to cartel issues.
Scheifele said the company has "sufficient" financial resources to fund any acquisition of assets to be divested by Lafarge and Holcim but that it would be too early for now to talk about any potential capital measures to bolster its financial flexibility.
