HeidelbergCement AG

euro adhoc: HeidelbergCement AG
Strategic management decisions / HeidelbergCement to sell maxit Group to Saint Gobain

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HeidelbergCement announces that it has entered into an agreement with Compagnie de Saint Gobain on the sale of maxit Group. The purchase price amounts to EUR 2.125 million. The closing is subject to regulatory approval and HeidelbergCement expects the transaction to close in late 2007.

With the sale of maxit HeidelbergCement pursues consequently its strategy of focusing on processing and refining of raw materials for its core products cement and aggregates and further downstream activities. HeidelbergCement will use the transaction proceeds to help finance its acquisition of the British building materials producer Hanson PLC announced earlier this year.

@@start.t2@@end of announcement                                                 euro adhoc 07.08.2007 07:33:16

ots Originaltext: HeidelbergCement AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Dr. Brigitte Fickel

Branche: Construction & Property
ISIN:      DE0006047004
WKN:        604700
Index:    HDAX, MDAX, Classic All Share, Midcap Market Index, Prime All
              Share, CDAX
Börsen:  Börse Frankfurt / official dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Hannover / free trade
              Börse Stuttgart / official dealing
              Börse Düsseldorf / official dealing
              Börse München / official dealing

Weitere Meldungen: HeidelbergCement AG

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