13 January 2009

HeidelbergCement plans new financing structure

In the light of the debt maturities from the Hanson acquisition finance in 2010, HeidelbergCement plans to proactively address its capital structure already in 2009. HeidelbergCement’s aim is to strengthen its equity capital base and to extend the maturities of its bank financing to improve its maturity profile. For further deleveraging, HeidelbergCement plans the disposal of non-strategic assets.

HeidelbergCement has mandated Morgan Stanley as financial advisor.

The planned realignment of the financing structure is independent of the publicly discussed financial situation of HeidelbergCement’s shareholder VEM. HeidelbergCement operates independently of VEM and recent events do not affect HeidelbergCement operationally. There is no financial relationship between HeidelbergCement and VEM except VEM being a shareholder.

As one of the major global players in the building materials industry HeidelbergCement expects to benefit from the various stimulus packages around the globe and resulting infrastructure spending despite the current global financial and economic crisis.

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Andreas Schaller

Group Spokesman, Director Group Communication & Investor Relations
Tel: 
+49 6221 481 13249
Fax: 
+49 6221 481 13217
HeidelbergCement AG
Berliner Straße 6
69120 Heidelberg
Germany