HeidelbergCement has increased its share in logistics company Kerpen & Kerpen to 100%, paying €23.5 million in the form of 416,477 new shares that were issued as part of a capital increase in return for contributions in kind.
In 1999, HeidelbergCement acquired 30% of the company, entering into a management contract in 2003 that reached the end of its minimum term at the end of 2013.
Now, Kerpen & Kerpen will be fully integrated into HeidelbergCement's business in Germany, constituting the core of the
February 19, 2014
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674 HeidelbergCement has increased its share in logistics company Kerpen & Kerpen to 100%, paying €23.5 million in the form of 416,477 new shares that were issued as part of a capital increase in return for contributions in kind.
In 1999, HeidelbergCement acquired 30% of the company, entering into a management contract in 2003 that reached the end of its minimum term at the end of 2013.
Now, Kerpen & Kerpen will be fully integrated into HeidelbergCement's business in Germany, constituting the core of the transport logistics that will be centrally organised in the future.
Kerpen & Kerpen owns and operates a fleet of 100 silo trucks and is active in the trading and transport of cement, flyash, and other powdery goods in Germany, Belgium, Holland, Luxembourg, France, Switzerland, and Austria.
