Heidelbergcement AG (HEIG.DE) Key Developments | Reuters.com
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Heidelbergcement AG (HEIG.DE)

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Latest Key Developments (Source: Significant Developments)

Heidelbergcement issues 750 mln eur bond for Italcementi deal
Wednesday, 25 May 2016 12:45pm EDT 

Heidelbergcement AG : Places 750 million euro bond . Says bond used to refinance Italcementi acquisition .Bond maturity until 2024 at 2.25 pct.  Full Article

HeidelbergCement AG raises FY 2016 outlook
Wednesday, 4 May 2016 01:00am EDT 

HeidelbergCement AG:Raises 2016 outlook, sees moderate rise in revenues, high single to double digit rise in operating income and profit excluding one-offs.Previously expected moderately increasing revenue and operating income before exchange rate and consolidation effects and profit in FY 2016.  Full Article

HeidelbergCement AG to supply 280,000 tons of cement for Oslo project
Wednesday, 6 Apr 2016 08:00pm EDT 

HeidelbergCement AG:Says to supply 280,000 tons of cement for Follo Line project in Oslo.  Full Article

HeidelbergCement AG announces the integration plan for Italcementi
Tuesday, 5 Apr 2016 12:51pm EDT 

HeidelbergCement AG:Announces the integration plan for Italcementi.The re-organisation will impact about 400 of the current 2.500 jobs in Italy until 2020.In order to address potential competition concerns, HeidelbergCement has decided to propose the divestment of Italcementi’s entire Belgian operations, primarily consisting of Italcementi’s Belgian subsidiary Compagnie des Ciments Belges SA.  Full Article

HeidelbergCement prices Eurobond with a volume of 1 billion euros
Sunday, 20 Mar 2016 08:00pm EDT 

HeidelbergCement AG:Prices Eurobond with a volume of 1 billion euros with maturity date of 30 March 2023.7-Year bond bears a fixed coupon of 2.25 pct p.a.Issue price is at 99.616 pct, resulting in a yield to maturity of 2.31 pct.Proceeds will be utilised for general corporate purposes and especially to pre-fund the upcoming Italcementi acquisition.  Full Article

HeidelbergCement gives FY 2016 outlook, to propose dividend
Wednesday, 16 Mar 2016 08:00pm EDT 

HeidelbergCement AG:Will propose a substantial increase of 73 pct in dividend to 1.30 euros (previous year: 0.75 euros) per share.Managing Board has set the goal of moderately increasing revenue and operating income before exchange rate and consolidation effects and profit for the financial year before non-recurring items in FY 2016.  Full Article

HeidelbergCement issues debt certificates
Thursday, 14 Jan 2016 07:00pm EST 

HeidelbergCement AG:Has successfully issued debt certificates in the amount of 625 million euros, thereby further strengthening its financing structure.Newly issued debt certificates, with a maturity date of Jan. 20, 2022, consist of two tranches: one tranche with a floating rate and the other with a fixed rate.Proceeds will be utilised to pre-fund the upcoming Italcementi acquisition and thereby reduces the volume of the bridge financing from 3.3 billion euros to 2.7 billion euros.  Full Article

HeidelbergCement AG cuts bridge finance by 600 million euros
Tuesday, 1 Sep 2015 08:00pm EDT 

HeidelbergCement AG:Reduces volume of its bridge financing for its agreed acquisition of Italcementi by 600 million euros.Says initial risk of mandatory offer to minority shareholders in Morocco could be excluded.  Full Article

HeidelbergCement acquires 45 pct of shares in Italcementi S.p.A.
Tuesday, 28 Jul 2015 02:32pm EDT 

HeidelbergCement AG:Acquires 45 pct of the shares in Italcementi S.p.A. from Italmobiliare S.p.A.Purchase price amounts to 10.60 euros per Italcementi share and therefore a total of around 1.67 billion euros.Purchase price will be partially paid by way of issuing to Italmobiliare S.p.A. at least 7.75 million and at most 10.5 million new shares in HeidelbergCement AG resulting from a yet to be carried out capital increase against contribution in kind.Acquisition will be financed through a bridge financing of 4.4 billion euros provided by a bank consortium.  Full Article

HeidelbergCement raises FY 2019 guidance
Monday, 27 Jul 2015 08:00pm EDT 

HeidelbergCement AG:Increasing its mid-term financial targets announced at the Capital Markets Day in June.Now aims to generate more than 20 billion euros in Group revenue (previously 17 billion euros) and an Operating EBITDA of more than 5 billion (previously 4 billion euros) by FY 2019.  Full Article

HeidelbergCement has all regulatory approvals for Italcementi deal

FRANKFURT, June 19 German cement producer Heidelbergcement said on Sunday it had obtained all competition approvals for closing its merger deal with peer Italcementi after reaching an agreement with the U.S. Federal Trade Commision (FTC).