HeidelbergCement steps up capital with Kerpen & Kerpen takeover

By Andrew Griffin
17 Feb 2014

German firm HeidelbergCement completed a takeover of peer Kerpen & Kerpen on Monday, paying for the deal through the issuance of new shares.

HeidelbergCement paid the €23.5m purchase price in 416,477 new shares, around 0.22% of the outstanding share capital. The deal takes its holding in Kerpen & Kerpen from 30% to 100%.

HeidelbergCement acquired its 30% stake in Kerpen & Kerpen in 1999.

HeidelbergCement is one of the world's largest manufacturers of ...

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