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HeidelbergCement AG (HEIG.DE)

HEIG.DE on Xetra

54.62EUR
3:16pm GMT
Change (% chg)

€1.16 (+2.17%)
Prev Close
€53.46
Open
€54.06
Day's High
€55.08
Day's Low
€54.02
Volume
491,230
Avg. Vol
842,920
52-wk High
€96.16
52-wk Low
€53.34

Latest Key Developments (Source: Significant Developments)

HeidelbergCement Sees Some Tailwind From U.S. Mid-term Election Result-CEO
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - HeidelbergCement AG ::CEO SAYS COST SAVINGS WILL ALSO INCLUDE JOB CUTS, NO FURTHER DETAILS.CEO SAYS WILL NOT BE ABLE TO REACH ANNUAL EBITDA GROWTH TARGET OF 5 PERCENT, WILL HAVE TO ADJUST MID-TERM PLAN IN 2020.CEO SAYS WE TAKE A POSITIVE VIEW OF MID-TERM ELECTIONS IN THE UNITED STATES, EXPECT ADDITIONAL INFRASTRUCTURE PROJECTS TO BE REALISED.SAYS COULD REDUCE SHAREHOLDINGS IN EMERGING MARKETS, WHERE WE ARE INVESTED IN SOME LISTED COMPANIES.  Full Article

HeidelbergCement To Sell White Cement Plant In Egypt
Friday, 21 Sep 2018 

Sept 21 (Reuters) - HeidelbergCement AG ::TO SELL WHITE CEMENT PLANT IN EGYPT.DEAL IS VALUED AT AN EV/EBITDA MULTIPLE OF 10.9X.SUBSIDIARY HELWAN CEMENT HAS ENTERED INTO AN AGREEMENT WITH EMAAR INDUSTRIES TO SELL ITS WHITE CEMENT PLANT IN MINYA, EGYPT.  Full Article

Heidelbergcement Issues Eurobond
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - HeidelbergCement AG ::ISSUES A EUROBOND.ISSUANCE VOLUME OF €750 MILLION.PROCEEDS BE USED FOR GENERAL CORPORATE PURPOSES AND THE REFINANCING OF UPCOMING MATURITIES.4 YEAR BOND BEARS A FIXED COUPON OF 0.500% P.A..  Full Article

HeidelbergCement Signs 5-Yr EUR 3 Bln Revolving Credit Facility
Monday, 15 Jan 2018 

Jan 15 (Reuters) - HeidelbergCement AG ::SIGNS NEW FIVE YEAR €3 BILLION REVOLVING CREDIT FACILITY.HEIDELBERGCEMENT - HAS SIGNED CREDIT FACILITY TO REFINANCE EXISTING CREDIT FACILITY, WHICH WOULD HAVE EXPIRED IN FEBRUARY 2019‍​.CREDIT MARGIN WAS REDUCED BY 20 BPS TO 35 BPS POINTS DEPENDING ON THE LEVERAGE.  Full Article

Cementir Holding Finalizes Sale Of 100 Pct Of Cementir Italia To Italcementi
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - CEMENTIR HOLDING SPA ::FINALIZES SALE OF 100 PERCENT OF CEMENTIR ITALIA TO ITALCEMENTI FOR ENTERPRISE VALUE OF EUR 315 MILLION.  Full Article

H+H Signs Agreement To Acquire Heidelbergcement's German, Swiss Calcium Silicate Unit Business
Thursday, 14 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

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Global cement demand forecast to grow 1.5 percent in 2019

ZURICH Global demand for cement is seen growing by 1.5 percent next year, the World Cement Association said on Wednesday, as economic risks and trade tensions weigh on the construction industry in many countries.