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| HeidelbergCement sells stake in Indonesian cement producer German cement and building materials giant HeidelbergCement has sold 520.5 million shares representing 14.1% of the 65.1% stake which it holds in the Indonesian cement producer PT Indocement Tunggal Prakarsa.The EUR 220 million private placement to international institutional investors enables HeidelbergCement to pay down existing debt. Indocement, one of Indonesia's leading cement manufacturers with a production capacity of 17.1 million tonnes, is a cornerstone of HeidelbergCement's Asia strategy. write your comments about the article :: © 2009 Construction News :: home page |