Cement biz deal, buy-back drive FLSmidth shares to nearly top of STOXX

FLSmidth & Co. A/S

20/06/2025 12:13

** FLSmidth FLS.CO shares rise 7% after the Danish company said it would divest its cement business for EUR 75 million

** In a separate statement, the mining and cement technology supplier announced a share buy-back program of up to DKK 1.4 billion ($216.4 million) to be launched in March 2026

** It adjusted its full year guidance to only reflect the mining business: revenue outlook of around DKK 15 billion, adjusted EBITA margin of 14-14.5% unchanged

** FLSmidth and Pacific Avenue Capital Partners have been in exclusive negotiations on the deal since May

** As of GMT 1056, shares in FLSmidth hit their highest level since August 2018 and are on track for their best day since May

** The stock is the second best performer on STOXX 600 index .STOXX

($1 = 6.4706 Danish crowns)

 (Reporting by)

 ((Anna.chaberska@thomsonreuters.com;))