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News HeidelbergCement downgrades stake in Ciments du Maroc to 51%

HeidelbergCement downgrades stake in Ciments du Maroc to 51%

Written by Global Cement staff 29 November 2019
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Morocco: HeidelbergCement has sold 3.6% of its 54.6% stake in Ciments du Maroc’s share capital. HeidelbergCement chairman Bernd Scheifele expressed the company’s commitment to retaining its majority stake in the total 5.6Mt/yr-capacity cement producer. Scheifele explained that the decision was ‘aimed at generating cash to speed up deleveraging,’ and that it was ‘well on track’ to reach its Euro1.5bn disposal target by the end of 2020.

Last modified on 04 December 2019
Published in Global Cement News
Tagged under
  • Germany
  • HeidelbergCement
  • Morocco
  • Ciments du Maroc
  • Shares
  • Sale
  • GCW434

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