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HeidelbergCement AG (HEIG.DE)

HEIG.DE on Xetra

76.02EUR
9:10am EDT
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€-0.88 (-1.14%)
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€76.90
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€76.64
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€76.88
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€75.62
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328,907
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700,861
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€96.16
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Latest Key Developments (Source: Significant Developments)

Heidelbergcement AG Says To Sell Stake In Lehigh White Cement Company In The USA‍​
Wednesday, 14 Feb 2018 11:36am EST 

Feb 14 (Reuters) - HeidelbergCement AG ::SAYS TO SELL STAKE IN LEHIGH WHITE CEMENT COMPANY IN THE USA‍​.SAYS THE ENTERPRISE VALUE OF THE TRANSACTION AMOUNTS TO ABOUT USD 140 MILLION.SAYS DISPOSAL IS PART OF OUR GLOBAL PORTFOLIO REVIEW.CLOSING OF THE TRANSACTION IS SUBJECT TO CUSTOMARY CONDITIONS AND IS EXPECTED DURING THE FIRST QUARTER 2018.51 PERCENT STAKE BEING SOLD TO THE MINORITY SHAREHOLDERS AALBORG CEMENT COMPANY, INC. AND CEMEX, INC.  Full Article

HeidelbergCement Signs 5-Yr EUR 3 Bln Revolving Credit Facility
Monday, 15 Jan 2018 04:58am EST 

Jan 15 (Reuters) - HeidelbergCement AG ::SIGNS NEW FIVE YEAR €3 BILLION REVOLVING CREDIT FACILITY.HEIDELBERGCEMENT - HAS SIGNED CREDIT FACILITY TO REFINANCE EXISTING CREDIT FACILITY, WHICH WOULD HAVE EXPIRED IN FEBRUARY 2019‍​.CREDIT MARGIN WAS REDUCED BY 20 BPS TO 35 BPS POINTS DEPENDING ON THE LEVERAGE.  Full Article

Cementir Holding Finalizes Sale Of 100 Pct Of Cementir Italia To Italcementi
Tuesday, 2 Jan 2018 07:44am EST 

Jan 2 (Reuters) - CEMENTIR HOLDING SPA ::FINALIZES SALE OF 100 PERCENT OF CEMENTIR ITALIA TO ITALCEMENTI FOR ENTERPRISE VALUE OF EUR 315 MILLION.  Full Article

H+H Signs Agreement To Acquire Heidelbergcement's German, Swiss Calcium Silicate Unit Business
Thursday, 14 Dec 2017 05:02pm EST 

Dec 14 (Reuters) - H+H International A/S ::REG-H+H SIGNS AGREEMENT TO ACQUIRE HEIDELBERGCEMENT’S GERMAN AND SWISS CALCIUM SILICATE UNIT BUSINESS.‍TRANSACTION IMPLIES AN ENTERPRISE VALUE OF DKK 818 MILLION​.‍PURCHASE PRICE WILL BE SETTLED IN CASH AT CLOSING​.‍TRANSACTION DOES NOT REQUIRE ANTITRUST APPROVALS; MINOR REGULATORY APPROVALS TO BE OBTAINED IN NEAR FUTURE​.‍PURCHASE PRICE WILL BE SETTLED IN CASH AT CLOSING​.‍H+H REITERATES ITS OUTLOOK FOR 2017​.‍DANSKE BANK A/S HAS COMMITTED TO FINANCE TRANSACTION​.- ‍TRANSACTION COSTS EXPECTED TO BE IN REGION OF DKK 25 MILLION OF WHICH ESTIMATED 30% DUE IN 2017 AND WILL BE TREATED AS SPECIAL ITEMS​.  Full Article

Forterra Says U.S. Court Granted Motion To Dismiss Relating To Lawsuit Filed By Affiliates Of Heidelbergcement A.G.
Tuesday, 12 Dec 2017 06:36am EST 

Dec 12 (Reuters) - Forterra Inc ::FORTERRA - ON DEC 8, U.S. COURT GRANTED MOTION TO DISMISS FILED BY CERTAIN AFFILIATES OF CO RELATING TO LAWSUIT FILED BY AFFILIATES OF HEIDELBERGCEMENT A.G..FORTERRA - COURT ALSO RULED THAT AFFILIATES OF HEIDELBERGCEMENT A.G.'S INDEMNIFICATION CLAIMS WERE BARRED DUE TO CONTRACTUAL STATUTE OF LIMITATIONS.FORTERRA-HEIDELBERGCEMENT A.G. LAWSUIT IS CONCERNING AN EARN-OUT CONTINGENCY AS PER DEAL GOVERNING 2015 ACQUISITION OF CERTAIN BUSINESSES FROM HEIDELBERG.FORTERRA-COURT RULED INDEPENDENT ACCOUNTING ARBITRATOR APPOINTED POST 2015 ACQUISITION DEAL HAS JURISDICTION OVER CALCULATION OF ADJUSTED EBITDA UNDER DEAL.  Full Article

Heidelbergcement signs agreement with EMBL on three-year collaboration
Monday, 20 Nov 2017 09:22am EST 

Nov 20 (Reuters) - HEIDELBERGCEMENT AG ::SIGNED AGREEMENT WITH EMBL ON 3-YEAR COLLABORATION TO EXCHANGE SCIENTIFIC AND TECHNICAL KNOWLEDGE‍​.  Full Article

HeidelbergCement sells half of Georgian business
Friday, 10 Nov 2017 12:30pm EST 

Nov 10 (Reuters) - HeidelbergCement AG :Says ‍sells half of its Georgian business to Cement Invest​.Says ‍transaction will contribute in total about eur 115 million to future reduction of net debt of HeidelbergCement​.Says ‍disposal is part of our portfolio review​.  Full Article

HeidelbergCement had best-ever month for cement sales in Oct
Wednesday, 8 Nov 2017 05:10am EST 

Nov 8 (Reuters) - Heidelbergcement :CEO says had best-ever month for cement sales in October, up 7.5 percent.Lifts job-cut target to 4,150, says 3,100 done, all restructuring costs booked.HeidelbergCement CEO says expects U.S. building materials market to grow by 3-4 percent in 2018.  Full Article

Heidelbergcement AG Q3 eps 2.42 euros
Wednesday, 8 Nov 2017 12:30am EST 

Nov 8 (Reuters) - Heidelbergcement Ag -:Q3 REVENUE UP BY 4% TO €4.6 BILLION ON A COMPARABLE BASIS‍​.QTRLY EPS SIGNIFICANTLY IMPROVED BY 38% TO 2.42 EUROS‍​.OUTLOOK FOR 2017 UNCHANGED.SIGNIFICANTLY IMPROVED FREE CASH FLOW OF THE PAST 12 MONTHS TO €1.2 BILLION‍​.REDUCING CASH-RELEVANT INVESTMENTS PLANNED FOR 2017 FROM €1.4 BILLION TO €1.2 BILLION.GROUP REVENUE ROSE BY 2% IN THE THIRD QUARTER TO 4.61 BILLION EUROS VERSUS PREVIOUS YEAR 4.52 BILLION EUROS.  Full Article

HeidelbergCement AG plans to dispose non-core assets to offset Cementir Italia purchase
Tuesday, 19 Sep 2017 01:00pm EDT 

Sept 19 (Reuters) - HeidelbergCement AG :Says Cementir Italia purchase has no impact on 2017, 2018 net investments.Says intends to dispose non-core assets to offset acquisition.  Full Article

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HeidelbergCement to spend up to $3 billion on dividends, buybacks

FRANKFURT HeidelbergCement , the world's No.2 cement maker, could use up to 2.5 billion euros ($3 billion) to cut debt, buy back shares or raise dividends, as part of a more rigorous focus on shareholder returns after its takeover of Italcementi.