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HDELY Heidelberg Materials AG (PK)

26.55
0.64 (2.47%)
11 Dec 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Heidelberg Materials AG (PK) USOTC:HDELY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.64 2.47% 26.55 26.05 26.65 26.64 26.09 26.155 462,983 22:00:02

HeidelbergCement, Italcementi In Deal Talks

28/07/2015 7:20pm

Dow Jones News


Heidelberg Materials (PK) (USOTC:HDELY)
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Germany's HeidelbergCement AG and Italian rival Italcementi SpA are discussing a combination, according to people familiar with the matter, in a deal that would further consolidate Europe's building-materials industry.

Italcementi had a market value Tuesday of €2.3 billion ($2.5 billion), meaning that, with a typical takeover premium, a tie-up could value it at more than $3 billion should the company be bought out in full. Details of the combination the companies are discussing couldn't be learned.

HeidelbergCement had a market capitalization of €13.3 billion.

Write to Shayndi Raice at shayndi.raice@wsj.com, Eyk Henning at eyk.henning@wsj.com and Eric Sylvers at eric.sylvers@wsj.com

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1 Year Heidelberg Materials (PK) Chart

1 Year Heidelberg Materials (PK) Chart

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1 Month Heidelberg Materials (PK) Chart

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