Next step in portfolio optimisation: HeidelbergCement realigns its Greek business

• Sale of aggregates and ready-mixed concrete business to LafargeHolcim

• Focus on core business: local cement production will continue

As part of a realignment of its Greek business, HeidelbergCement has signed an agreement to sell its aggregates business in Mandra and two ready-mixed concrete plants in Gerakas and Aspropyrgos to the Swiss LafargeHolcim group. The parties agreed not to disclose the sale price.

The company will focus on its core business in Greece and continue the cement production through its subsidiary Halyps Cement.

“We are pleased with the successful signing of the transaction in Greece,” said Dr. Dominik von Achten, Chairman of the Managing Board of HeidelbergCement. “After the divestment of the Kuwait business, the realignment in Greece is the next step in our portfolio optimisation as part of our Beyond 2020 strategy.”

About HeidelbergCement

HeidelbergCement is one of the world’s largest integrated manufacturers of building materials and solutions, with leading market positions in aggregates, cement, and ready-mixed concrete. Around 53,000 employees at more than 3,000 locations in over 50 countries deliver long-term financial performance through operational excellence and openness for change. At the center of actions lies the responsibility for the environment. As forerunner on the path to carbon neutrality, HeidelbergCement crafts material solutions for the future.