Home / News / Cement chief suicide sparks bid speculation

Cement chief suicide sparks bid speculation

Speculation is rising about the future for Heidleberg Cement following last week’s suicide of majority shareholder Adolf Merkle.
Shares in the German company – parent of Hanson and Castle Cement – rose 4% last Friday on market speculation that the Swiss group Holcim may consider a bid for some of the assets.

Neither company had any official comment to make, other than a spokesman for Holcim who said: “We are always evaluating opportunities if they create value”, although he added, however, that it is difficult to finance buys in the current economic climate.

Holcim own Hanson rival Aggregate Industries.

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

Check Also

Cowal buys John Cameron

Independent builders merchant Cowal Building and Plumbing Supplies Ltd has bought John Cameron Plumbers and …