HeidelbergCement progressing successfully with deleveraging
Progressing further with its disposal programme, Heidelberg
Cement has sold 520.5 million shares representing 14.1 % of the 65.1 % stake which it holds in the Indonesian cement producer PT Indocement Tunggal Prakarsa. The 220 million € private placement to international institutional investors enables HeidelbergCement to reduce the existing debt.
Indocement, one of Indonesia’s leading cement manufacturers with a production capacity of 17.1 million t, is a cornerstone of HeidelbergCement’s Asia strategy. “At 51 %, we will retain our controlling stake in Indocement, while being able to further...
