HeidelbergCement to sell 51% stake in Lehigh White Cement for $140M

HeidelbergCement will sell its 51% stake in Lehigh White Cement Co. to minority shareholders Aalborg Cement Co. (63.25%) and Cemex Inc. (36.75%) for about $140 million, with closing scheduled for Q1 2018.

“HeidelbergCement will sell its 51 percent stake in Lehigh White Cement Co. to minority shareholders in a deal valued at about $140 million and scheduled for first quarter closing.”concreteproducts.com

• 3 sources
• concreteproducts.comFebruary 14, 2018 – Concrete ProductsConcrete NewsFeb 14, 2018
• cemnet.comCemex to increase its shareholding in Lehigh White CementFeb 19, 2018
• marketscreener.comAalborg Cement Company Inc. and CEMEX, Inc. completed the acquisition of additional 51% stake in Lehigh White Cement Company from HeidelbergCement AG (DB:HEI). | MarketScreenerS&P Capital IQMar 28, 2018

Summarized from public sources; check the original articles before acting on it.