HeidelbergCement sells 50% of Georgian business to Cement Invest

HeidelbergCement sold 50% of its Georgian business to Cement Invest, a joint venture between Georgian Co-Investment Fund and Hunnewell Partners, for about €115 million, forming a joint venture that operates three cement plants and a grinding facility.

“The partnership will enable our new Georgian joint venture to benefit from GCF’s and Hunnewell’s project experience in Georgia.”heidelbergmaterials.com

• 1 source
• heidelbergmaterials.comHeidelbergCement sells half of its Georgian business | Heidelberg MaterialsNov 10, 2017

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