Key Developments: Heidelbergcement AG (HEIG.DE)

HEIG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

HeidelbergCement AG sells building products business to Lone Star
Wednesday, 24 Dec 2014 03:13am EST 

HeidelbergCement AG:Clinches deal to sell its Hanson Building Products business to private equity firm Lone Star Funds for $1.4 billion.Says up to $100 million of the takeover price will be payable in 2016, depending on the 2015 performance of Hanson Building Products.  Full Article

HeidelbergCement AG says to sell property in Sweden
Sunday, 21 Dec 2014 07:00pm EST 

HeidelbergCement AG:Says to sell property in Stockholm.Says agreed minimum price for property is around 115 million euros.Says to sell property to consortium of Jaerntorget Byggintressenter AB and Besqab AB.  Full Article

HeidelbergCement AG shareholder shifts stock internally
Thursday, 18 Dec 2014 07:00pm EST 

HeidelbergCement AG:Says KL Holding GmbH's stake in the company has fallen below 25 pct to 0 pct.Says VEM Vermoegensverwaltung Aktiengesellschaft has bought shares worth 51.75 million euros.  Full Article

HeidelbergCement AG confirms FY 2014 outlook
Wednesday, 5 Nov 2014 07:00pm EST 

HeidelbergCement AG:Outlook for FY 2014 confirmed.Has set goal of increasing revenue and operating income for FY 2014 on like-for-like basis, i.e. adjusted for exchange rate and consolidation effects, and further improving profit adjusted for non-recurring effects.FY 2013 revenue 13,936 million euros, FY 2013 operating income 1,607 million euro, FY 2013 profit of 945 million euros.  Full Article

HeidelbergCement AG refrains from bidding process for assets of Lafarge and Holcim
Sunday, 2 Nov 2014 07:00pm EST 

HeidelbergCement AG:Has decided to refrain from ongoing bidding process for assets offered for sale of Lafarge and Holcim in frame of its merger proceedings.Says company intends to use anticipated proceeds from announced sale of its building products business in North America and United Kingdom for debt reduction and for its own high quality growth projects.  Full Article

HeidelbergCement AG gives FY 2014 revenue and operating income outlook in line with analysts' estimates and to propose FY 2013 dividend
Tuesday, 18 Mar 2014 08:00pm EDT 

HeidelbergCement AG:Has set goal of further increasing revenue, operating income, and profit for FY in 2014 on comparable basis, i.e. adjusted for exchange rate and consolidation effects as well as non-recurring effects.FY 2013 revenue 13,936 million euros, FY 2013 operating income 1,607 million euro, FY 2013 profit of 945 million euros.FY 2014 revenue estimate 14,272 million euros, FY 2014 EBIT estimate 1,755 million euro - Thomson Reuters I/B/E/S.To propose increase of 28 pct in dividend to 0.60 euro (previous year: 0.47 euro) per share for FY 2013.  Full Article

HeidelbergCement AG signs 3 billion euro and five-year revolving credit facility
Tuesday, 25 Feb 2014 11:45am EST 

HeidelbergCement AG:Signed a 3 billion euro, five-year revolving credit facility to refinance an existing facility that was due to mature in December 2015.Bookrunners and mandated lead arrangers on financing were Bank of America Merrill Lynch, Bayern LB, BNP Paribas, Citigroup, Commerzbank, Danske Bank, Deutsche Bank, Svenska Handelsbanken.Bookrunners and mandated lead arrangers on financing were also Helaba, ING Bank, Intesa Sanpaolo, LBBW, Mediobanca, Morgan Stanley, Nordea, RBI, RBS, SEB and Standard Chartered.Deutsche Bank acting as documentation and facility agent on the loan.  Full Article

EU mergers and takeovers (March 3)

BRUSSELS, March 3 - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

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