(BFW) HeidelbergCement to Sell Hanson Building Products Unit for $1.4b


DBF 12/24 08:13 DGAP-Adhoc: HeidelbergCement to sell its North American and UK Building Products Business
BN 12/24 08:20 *HEIDELBERGCEMENT WILL USE PROCEEDS TO CUT FINANCIAL DEBTS
BN 12/24 08:19 *HEIDELBERGCEMENT SELLS HANSON BUILDING PRODUCTS UNIT FOR $1.4B
BN 12/24 08:17 *HEIDELBERGCEMENT: UP TO $100M WILL BE PAYABLE IN '16
BN 12/24 08:17 *HEIDELBERGCEMENT: AGREEMENT W/ LONE STAR FUNDS AFFILIATE
BFW 12/24 08:16 *HEIDELBERGCEMENT TO SELL N.A., UK BUILDING PRODUCTS FOR $1.4B
BN 12/24 08:16 *HEIDELBERGCEMENT TO SELL OPS FOR AGGREGATE PRICE OF $1.4B
BN 12/24 08:15 *HEIDELBERGCEMENT: AGGREGATE PURCHASE PRICE OF $1.4B
BN 12/24 08:15 *HEIDELBERGCEMENT TO SELL NORTH AMERICAN AND UK BUILDING OPS
BN 12/24 08:13 * HEIDELBERGCEMENT TO SELL NORTH AMERICAN, UK BUILDING PRODUCTS

HeidelbergCement to Sell Hanson Building Products Unit for $1.4b
2014-12-24 08:23:06.636 GMT


By James Ludden
(Bloomberg) -- HeidelbergCement selling North American,
U.K. building products unit to Lone Star Funds.
* Up to $100m payable in 2016
* Expects completion in 1Q
* NOTE: Reuters reported sale talks yesterday; easier to
dispose of sell unit than carry out IPO; Lone Star was
competing against other PE firms

Link to Statement:Link

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To contact the reporter on this story:
James Ludden in London at +44-20-7673-2645 or
jludden@bloomberg.net
To contact the editors responsible for this story:
Andrew Rummer at +44-20-7073-3722 or
arummer@bloomberg.net
James Ludden