HeidelbergCement mulls sale, float of building products business - report

HeidelbergCement is considering selling its building products operations but could simultaneously float the unit shares on the stock market, its chief has told Reuters.

Speaking to the news agency on Friday, Berd Scheifele said the German major would first look into potential divestment opportunities for part of the business next year. He further added that amid the top economic environment, top priorities are to keep cash aside and focus on organic growth.

The company may, however, consider small deals in emerging markets such as Ghana, Tanzania, India or Indonesia where it already has a foothold.