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Heidelbergcement AG (HEIG.DE)

HEIG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Vassilico Cement Works: Change of indirect major holding
Tuesday, 5 Jul 2016 10:45am EDT 

Vassilico Cement Works PLC :Reported on Monday that on July 1st Heidelbergcement AG acquired control over Italcementi SpA (previously controlled by Italmobiliare SpA ) which, in turn, indirectly holds 25.98 per cent of the voting rightd in Vassilico Cement Works PLC.  Full Article

HeidelbergCement France buys 45 pct stake in Italcementi, to launch tender offer
Friday, 1 Jul 2016 11:33am EDT 

Italcementi Fabbriche Riunite Cemento SpA Bergamo : HeidelbergCement France SAS, a HeidelbergCement unit , buys 157,171,807 ordinary shares of Italcementi representing 45 percent of share capital of Italcementi . Transactions have been performed based on a per share consideration equal to 10.6 euros ($11.82) . Legal requirements for HeidelbergCement France to launch mandatory tender offer are met .HeidelbergCement France to pay 10.6 euros per share in tender offer.  Full Article

Italmobiliare proposes special dividend, saving share conversion
Friday, 1 Jul 2016 10:21am EDT 

Italmobiliare says: proposes paying an extraordinary dividend to saving shareholders of 56 euros for every 10 shares held . to give saving shareholders three ordinary shares in HeidelbergCement for every 10 shares held . envisages mandatory conversion of saving shares into ordinary ones at a ratio of 1 new ordinary share for every 10 saving shares held .puts ceiling on expense to cover investors' withdrawal right at an overall 30 million euros.  Full Article

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

EU mergers and takeovers (Sept 23)

BRUSSELS, Sept 23 The following are mergers under review by the European Commission and a brief guide to the EU merger process: