Belgian court approves CBR purchase

The Court of Appeals of the Belgian city of Mons has approved the purchase of the Belgian quarry company Cimescaut's participation in the Antoing limestone quarry by the Belgian cement group CBR. This invalidates the decision made by the Commercial Court of Tournai in June 2011. The management of Cimescaut has said that it will look into the legal, financial, and operational consequences of this decision.
January 23, 2013 Read time: 1 min

The Court of Appeals of the Belgian city of Mons has approved the purchase of the Belgian quarry company 4733 Cimescaut's participation in the Antoing limestone quarry by the Belgian cement group 674 HeidelbergCement (CBR).

This invalidates the decision made by the Commercial Court of Tournai in June 2011. The management of Cimescaut has said that it will look into the legal, financial, and operational consequences of this decision.

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HeidelbergCement said that an offer for buying the 3.07% float will also be made as soon as possible, subject to regulatory approval. CBR said that the entire transaction cost was €47.5 million.

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