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| HeidelbergCement plans new financing structure German cement maker HeidelbergCement plans to proactively address its capital structure already in 2009 in the light of the debt maturities from the Hanson acquisition finance in 2010. HeidelbergCement's aim is to strengthen its equity capital base and to extend the maturities of its bank financing to improve its maturity profile. For further deleveraging, HeidelbergCement plans the disposal of non-strategic assets. The planned realignment of the financing structure is independent of the publicly discussed financial situation of HeidelbergCement's shareholder VEM. HeidelbergCement operates independently of VEM and recent events do not affect HeidelbergCement operationally. There is no financial relationship between HeidelbergCement and VEM except VEM being a shareholder. write your comments about the article :: © 2009 Construction News :: home page |