HeidelbergCement continues to optimize its portfolio: disposal of several assets in Spain

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HeidelbergCement continues its portfolio optimization program and has signed agreements to sell its regional aggregates and ready-mixed concrete businesses in the regions of Catalonia, Madrid and Asturias as well as its ready-mixed concrete businesses. employment on the Balearic Islands to different buyers. The companies have agreed not to disclose the purchase price.

The disposal of these assets in Spain is part of the portfolio optimization and margin improvement program of HeidelbergCement’s “Beyond 2020” strategy. The company has been operational in Spain since 2007. HeidelbergCement will continue to supply customers in other Spanish regions with products from the three business sectors: cement, aggregates and ready-mixed concrete.

All transactions are subject to certain conditions precedent before final closing.

About HeidelbergCement

HeidelbergCement is one of the world’s largest integrated manufacturers of building materials and solutions, with leading positions in the aggregates, cement and ready-mixed concrete market. Around 53,000 employees at more than 3,000 sites in more than 50 countries deliver long-term financial performance through operational excellence and openness to change. At the heart of the actions is environmental responsibility. As a pioneer on the road to carbon neutrality, HeidelbergCement designs material solutions for the future.

Disclaimer

HeidelbergCement AG published this content on 04 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 04 October 2021 12:05:48 PM UTC.


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