Brief: H+H Signs Agreement To Acquire Heidelbergcement's German, Swiss Calcium Silicate Unit Business

H+H International A/S

14/12/2017 22:02

Dec 14 (Reuters) - H+H International A/S  HHDC.CO : 
    * REG-H+H SIGNS AGREEMENT TO ACQUIRE HEIDELBERGCEMENT'S 
GERMAN AND 
SWISS CALCIUM SILICATE UNIT BUSINESS 
    * TRANSACTION IMPLIES AN ENTERPRISE VALUE OF DKK 818 
MILLION 
    * PURCHASE PRICE WILL BE SETTLED IN CASH AT CLOSING 
    * TRANSACTION DOES NOT REQUIRE ANTITRUST APPROVALS; MINOR 
REGULATORY APPROVALS TO BE OBTAINED IN NEAR FUTURE 
    * PURCHASE PRICE WILL BE SETTLED IN CASH AT CLOSING 
    * H+H REITERATES ITS OUTLOOK FOR 2017 
    * DANSKE BANK A/S HAS COMMITTED TO FINANCE TRANSACTION 
    * - TRANSACTION COSTS EXPECTED TO BE IN REGION OF DKK 25 
MILLION 
OF WHICH ESTIMATED 30% DUE IN 2017 AND WILL BE TREATED AS 
SPECIAL ITEMS 
 
Source text for Eikon:  ID:nGNE6nj6Zc  
Further company coverage:  HHDC.CO  
 
 ((Bangalore.newsroom@thomsonreuters.com;))