Ad hoc: HeidelbergCement AG refrains from bidding process for assets of Lafarge and Holcim
After a thorough analysis, HeidelbergCement has decided to refrain from the ongoing bidding process for the assets offered for sale of Lafarge and Holcim in the frame of its merger proceedings. The company intends to use the anticipated proceeds from the announced sale of its building products business in North America and United Kingdom for debt reduction and for its own high quality growth projects.
Heidelberg, 3 November 2014
The Managing Board
Ad hoc announcement pursuant to § 15 German Securities Trading Act (WpHG)