HeidelbergCement AG Exploring Sale of U.S. Assets?

Dec. 22, 2020 – According to reports, HeidelbergCement AG is exploring the sale of U.S. assets as Chief Executive Officer Dominik von Achten seeks to divest peripheral businesses. Germany’s largest cement maker is reportedly working with Morgan Stanley on the sale of the operations in California. The unit could fetch an estimated $1.5 billion. HeidelbergCement’s advisers recently sent initial marketing documents…

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