HeidelbergCement completes sale of North American and UK building products business to Lone Star

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Updated Mon, 16 Mar 2015 10:54:55 GMT

On 13 March 2015, HeidelbergCement completed the sale of its North American (excluding Western Canada) and UK building products business, Hanson Building Products, to Lone Star. The sale was originally announced on 24 December 2014. HeidelbergCement will receive more than Euro1.2bn, in addition to up to Euro95m payable in 2016, depending on business performance.