Heidelberg Materials AG

M&A Activity • Mar 31, 2003

News Details

Ad-hoc | 31 March 2003 14:31

HeidelbergCement AG english

HeidelbergCement is taking over Anneliese Zementwerke AG Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– HeidelbergCement is taking over Anneliese Zementwerke AG HeidelbergCement is taking over Dyckerhoff AG’s 48.8% share in the Westphalian Anneliese Zementwerke AG in Ennigerloh and raises its own participation as a result to more than 90%. The acquisition is subject to the approval of the cartel authorities. As a result, after the acquisition of the Wetzlar cement plant and of the Königs Wusterhausen cement grinding plant, south-east of Berlin, at the end of the previous year, HeidelbergCement is continuing the strategy of extending its cement activities to Western and Eastern Germany. The Anneliese group operates four cement plants and numerous ready-mixed concrete locations with the emphasis on North Rhine-Westphalia. Turnover in 2002 was EUR 160 million with cement sales volumes at approximately 1.7 million tonnes. HeidelbergCement becomes market leader on the German cement market with the acquisition ofthe majority share in the Company. Regardless of the persistent recession in the construction industry, Germany is the biggest construction market in Europe with a share of approximately one quarter of all the construction investments. At the same time, HeidelbergCement is selling the 24.9% participation of its Belgian subsidiary CBR in Ciment Luxembourgeois, Luxembourg, to Dyckerhoff AG. The parties to the contract have agreed on confidentiality regarding the purchased price of the transactions. Heidelberg, 31 March 2003 end of ad-hoc-announcement (c)DGAP 31.03.2003 ——————————————————————————– WKN: 604700; ISIN: DE0006047004; Index: MDAX Listed: Amtlicher Markt in Düsseldorf, Frankfurt (Prime Standard), München und Stuttgart; Freiverkehr in Berlin-Bremen, Hamburg und Hannover 311431 Mär 03