Edition:
India

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​.