According to Chambers, building materials group HeidelbergCement has handled the acquisition of fellow Australian industrialist Boral’s fly ash company.
Bloomberg News reported Thursday, citing people familiar with the matter, that the North American-focused company could be valued at more than one billion euros. Other interested parties are the Swiss building materials group Holcim and the American waste group Waste Management. Private equity firms are also becoming aware.
Chambers said reviews continued and there was no certainty that the companies would make a formal bid. According to the agency, representatives for HeidelbergCement, Holcim and Boral did not wish to comment. Waste management initially did not respond to the request.
HeidelbergCement provided quarterly numbers in the morning and raised the annual forecast. In addition, it wants to buy back its shares for 1 billion euros. The group recently sold some of the business as part of streamlining the portfolio. Financial debt should continue to decline by the end of the year.
New York (dpa-AFX)
“Total coffee aficionado. Travel buff. Music ninja. Bacon nerd. Beeraholic.”