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Heidelbergcement AG (HEIG.DE)

HEIG.DE on Xetra

90.24EUR
18 Dec 2017
Change (% chg)

€0.25 (+0.28%)
Prev Close
€89.99
Open
€90.39
Day's High
€90.91
Day's Low
€90.24
Volume
538,149
Avg. Vol
633,078
52-wk High
€94.09
52-wk Low
€76.94

Latest Key Developments (Source: Significant Developments)

H+H Signs Agreement To Acquire Heidelbergcement's German, Swiss Calcium Silicate Unit Business
Friday, 15 Dec 2017 

Dec 14 (Reuters) - H+H International A/S ::REG-H+H SIGNS AGREEMENT TO ACQUIRE HEIDELBERGCEMENT’S GERMAN AND SWISS CALCIUM SILICATE UNIT BUSINESS.‍TRANSACTION IMPLIES AN ENTERPRISE VALUE OF DKK 818 MILLION​.‍PURCHASE PRICE WILL BE SETTLED IN CASH AT CLOSING​.‍TRANSACTION DOES NOT REQUIRE ANTITRUST APPROVALS; MINOR REGULATORY APPROVALS TO BE OBTAINED IN NEAR FUTURE​.‍PURCHASE PRICE WILL BE SETTLED IN CASH AT CLOSING​.‍H+H REITERATES ITS OUTLOOK FOR 2017​.‍DANSKE BANK A/S HAS COMMITTED TO FINANCE TRANSACTION​.- ‍TRANSACTION COSTS EXPECTED TO BE IN REGION OF DKK 25 MILLION OF WHICH ESTIMATED 30% DUE IN 2017 AND WILL BE TREATED AS SPECIAL ITEMS​.  Full Article

Forterra Says U.S. Court Granted Motion To Dismiss Relating To Lawsuit Filed By Affiliates Of Heidelbergcement A.G.
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Forterra Inc ::FORTERRA - ON DEC 8, U.S. COURT GRANTED MOTION TO DISMISS FILED BY CERTAIN AFFILIATES OF CO RELATING TO LAWSUIT FILED BY AFFILIATES OF HEIDELBERGCEMENT A.G..FORTERRA - COURT ALSO RULED THAT AFFILIATES OF HEIDELBERGCEMENT A.G.'S INDEMNIFICATION CLAIMS WERE BARRED DUE TO CONTRACTUAL STATUTE OF LIMITATIONS.FORTERRA-HEIDELBERGCEMENT A.G. LAWSUIT IS CONCERNING AN EARN-OUT CONTINGENCY AS PER DEAL GOVERNING 2015 ACQUISITION OF CERTAIN BUSINESSES FROM HEIDELBERG.FORTERRA-COURT RULED INDEPENDENT ACCOUNTING ARBITRATOR APPOINTED POST 2015 ACQUISITION DEAL HAS JURISDICTION OVER CALCULATION OF ADJUSTED EBITDA UNDER DEAL.  Full Article

Heidelbergcement signs agreement with EMBL on three-year collaboration
Monday, 20 Nov 2017 

Nov 20 (Reuters) - HEIDELBERGCEMENT AG ::SIGNED AGREEMENT WITH EMBL ON 3-YEAR COLLABORATION TO EXCHANGE SCIENTIFIC AND TECHNICAL KNOWLEDGE‍​.  Full Article

HeidelbergCement sells half of Georgian business
Friday, 10 Nov 2017 

Nov 10 (Reuters) - HeidelbergCement AG :Says ‍sells half of its Georgian business to Cement Invest​.Says ‍transaction will contribute in total about eur 115 million to future reduction of net debt of HeidelbergCement​.Says ‍disposal is part of our portfolio review​.  Full Article

HeidelbergCement had best-ever month for cement sales in Oct
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Heidelbergcement :CEO says had best-ever month for cement sales in October, up 7.5 percent.Lifts job-cut target to 4,150, says 3,100 done, all restructuring costs booked.HeidelbergCement CEO says expects U.S. building materials market to grow by 3-4 percent in 2018.  Full Article

Heidelbergcement AG Q3 eps 2.42 euros
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Heidelbergcement Ag -:Q3 REVENUE UP BY 4% TO €4.6 BILLION ON A COMPARABLE BASIS‍​.QTRLY EPS SIGNIFICANTLY IMPROVED BY 38% TO 2.42 EUROS‍​.OUTLOOK FOR 2017 UNCHANGED.SIGNIFICANTLY IMPROVED FREE CASH FLOW OF THE PAST 12 MONTHS TO €1.2 BILLION‍​.REDUCING CASH-RELEVANT INVESTMENTS PLANNED FOR 2017 FROM €1.4 BILLION TO €1.2 BILLION.GROUP REVENUE ROSE BY 2% IN THE THIRD QUARTER TO 4.61 BILLION EUROS VERSUS PREVIOUS YEAR 4.52 BILLION EUROS.  Full Article

HeidelbergCement AG plans to dispose non-core assets to offset Cementir Italia purchase
Tuesday, 19 Sep 2017 

Sept 19 (Reuters) - HeidelbergCement AG :Says Cementir Italia purchase has no impact on 2017, 2018 net investments.Says intends to dispose non-core assets to offset acquisition.  Full Article

HeidelbergCement issues a EUR 500 mln Eurobond
Wednesday, 7 Jun 2017 

June 7 (Reuters) - HEIDELBERGCEMENT AG ::ISSUES A EUROBOND UNDER ITS €10 BILLION EMTN PROGRAMME WITH AN ISSUANCE VOLUME OF €500 MILLION AND A MATURITY DATE OF 14 JUNE 2027‍​.PROCEEDS OF THE TRANSACTION WILL BE USED FOR GENERAL CORPORATE PURPOSES AND THE REFINANCING OF UPCOMING MATURITIES.10 YEAR BOND BEARS A FIXED COUPON OF 1.500% P.A. THE ISSUE PRICE IS AT 98.891%, RESULTING IN A YIELD TO MATURITY OF 1.621%.  Full Article

Italcementi to delist as of Oct. 12
Thursday, 6 Oct 2016 

Italcementi SpA : Reported on Wednesday the final results of HeidelbergCement France mandatory tender offer on Italcementi shares . Reported 47.348 percent of Italcementi shares tendered for the total value of 1.75 billion euros ($1.96 billion) . HeidelbergCement France to own 96.356 percent of Italcementi share capital . Reported provisional results on Sept. 30 [nL8N1C65O2], said HeidelbergCement France will exercise its right to buy the remaining shares [nFWN1C805K] .The Italian stock exchange will order the suspension from trading on the Electronic Stock Market (Mercato Telematico Azionario) of Italcementi shares on Oct. 10 and 11 and their delisting as of Oct. 12.  Full Article

Italcementi and HeidelbergCement integrate their Canadian operations
Wednesday, 5 Oct 2016 

Italcementi Fabbriche Riunite Cemento SpA Bergamo : Said on Tuesday that its board decided on integrating its operations in the Canadian market with the homologous operations of HeidelbergCement AG . The transaction involves the acquisition by Lehigh Hanson Materials Limited (LMH), a Canadian company indirectly held by HeidelbergCement AG, of a 100 percent stake in Essroc Canada ULC (Essroc Canada) share capital . Essroc Canada is currently held by Essroc Corporation ("Essroc Corp"), an American company indirectly held by Italcementi . The consideration value of the transaction amounts to about 371 million Canadian dollars ($281.36 million) . The consideration will be partially paid by assigning to Essroc 42,288 newly issued shares of LHM, equal to 15.5 percent of LHM share capital, while the remaining part will be paid in cash . The transaction has been submitted to the Committee for Transactions with Related Parties (the "Committee") of Italcementi, which assigned Credit Suisse International the task of releasing a fairness opinion as independent expert .On Oct. 3, 2016, the independent expert issued its fairness opinion regarding the transaction and the Committee issued its favourable opinion.  Full Article

German stocks - Factors to watch on September 27

The following are some of the factors that may move German stocks on Wednesday: