Cement News tagged under: Lone Star Funds
HeidelbergCement completes sale of North American and UK building products business17 March 2015, Published under Cement NewsHeidelbergCement on Friday completed the sale of its North American (excluding Western Canada) and United Kingdom building products business (collectively “Hanson Building Products”) to an affiliate of Lone Star Funds. “I am very glad to be able to hand over Hanson Building Products to a buyer which as an experienced financial investor will support the sustainable development of the business going forward,” said Dr Bernd Scheifele, CEO of HeidelbergCement. “This transaction marks the com... |
HeidelbergCement06 January 2015, Published under Cement NewsHeidelbergCement’s subsidiary Ghacem in Ghana is seeing its cement production fall significantly because of interruptions to the electricity supply, as the country’s monopoly supplier introduces 48h power cuts for industrial users every six days. HeidelbergCement has agreed the sale of most of its building products business in North America and in Great Britain to the US institutional investor Lone Star Funds for US$1400m, subject to regulatory approval. The deal covers 107 manufacturing ... |
HeidelbergCement to sell its North American and UK Building Products Business24 December 2014, Published under Cement NewsHeidelbergCement announced that it has entered into a definitive agreement with an American affiliate of Lone Star Funds to sell its North American (excluding Western Canada) and United Kingdom building products business, Hanson Building Products, for an total price of US$1.4bn, of which up to US$100m will be payable in 2016, depending on the performance of the business in 2015. The closing is subject to the satisfaction of customary closing conditions. HeidelbergCement expects the transacti... |
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