Heidelberg Materials AG

M&A Activity • Dec 24, 2014

News Details

Ad-hoc | 24 December 2014 09:13

HeidelbergCement to sell its North American and UK Building Products Business

HeidelbergCement AG / Key word(s): Disposal

24.12.2014 09:13

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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HeidelbergCement announces that it has entered into a definitive agreement
with an American affiliate of Lone Star Funds to sell its North American
(excluding Western Canada) and United Kingdom building products business
(collectively, "Hanson Building Products"), for an aggregate purchase price
of US$ 1.4 billion, of which up to $100 million will be payable in 2016,
depending on the performance of the business in 2015. The closing is
subject to the satisfaction of customary closing conditions.
HeidelbergCement expects the transaction to close in the first quarter of
2015.

The sale of Hanson Building Products is consistent with HeidelbergCement's
strategy of focusing on processing and refining raw materials for its core
products of cement and aggregates and further downstream activities.

HeidelbergCement will use the transaction proceeds to reduce its financial
debts.

Heidelberg, 24 December 2014

The Managing Board

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Language: English
Company: HeidelbergCement AG
Berliner Straße 6
69120 Heidelberg
Germany
Phone: +49 (0)6221 481-0
Fax: +49 (0)6221 481-13217
E-mail: info@heidelbergcement.com
Internet: www.heidelbergcement.com
ISIN: DE0006047004
WKN: 604700
Indices: DAX30
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard),
München, Stuttgart; Freiverkehr in Berlin, Hamburg, Hannover

End of Announcement DGAP News-Service

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