HeidelbergCement AG (HEIG.DE)
18 Jan 2019
Mon, Jan 14 2019
FRANKFURT Cement maker HeidelbergCement on Monday said it would deliver proceeds of about 500 million euros ($573 million) in asset sales in 2018, putting it on track for 1.5 billion in planned disposals by the end of 2020.
* Shares reach highest level since Oct. 5 (Recasts, adds details from conference call, updates shares)
FRANKFURT, Nov 8 HeidelbergCement on Thursday said it would cut costs and investments, only weeks after the world's second-largest cement maker slashed its profit outlook on a weak U.S. construction market and higher-than-expected energy costs.
* Shares drop as much as 10.3 percent (Recasts, adds details on U.S. business, shares, analyst)
ZURICH HeidelbergCement could buy parts of LafargeHolcim's business in Indonesia that is up for sale, HeidelbergCement Chief Executive Bernd Scheifele said on Tuesday.