The U.S. disposal was required by Federal Trade Commission (FTC) Decision and Order to address competition concerns arising from the
“With the disposal of the Martinsburg plant we have successfully finalized our disposal program in the context of the Italcementi acquisition,” said Dr. Bernd Scheifele, chairman of the managing board of HeidelbergCement. “Together with the disposals of the non-core assets and the Belgium assets of Italcementi we have exceeded our €1 billion target on disposal proceeds and thereby further improved the net financial position of HeidelbergCement.”
HeidelbergCement was advised by Citi, Shearman & Sterling and Jones Day.