Ad-hoc | 23 October 2003 12:55
HeidelbergCement AG
english
Discussions regarding German Readymix discontinued
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Discussions regarding German Readymix discontinued
RMC Group p.l.c. (“RMC”) and HeidelbergCement AG have agreed to discontinue
discussions regarding the possible sale of RMC’s German operations. Following
discussions with the European Commission and the German competition authorities,
it became clear that it was not possible to structure the proposed transaction
to overcome the regulatory issues within a timeframe acceptable to RMC.
Commenting, Mr. Hans Bauer, Chairman of the Managing Board of HeidelbergCement
said: “HeidelbergCement will continue to assume its responsibility as market
leader In Germany to promote the consolidation and industrial restructuring that
are required for a successful long-term future of the German cement industry, in
the interest of all its stakeholders.”
Heidelberg, 23 October 2003
end of ad-hoc-announcement (c)DGAP 23.10.2003
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WKN: 604700; ISIN: DE0006047004; Index: MDAX
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231255 Okt 03