21 July 2005
Schwenk reduces its stake in HeidelbergCement
Schwenk Beteiligungen GmbH & Co. KG has informed in a so-called Directors’ Dealings notification according to section 15a of the German Securities Trading Act (Wertpapierhandelsgesetz), that they had sold 15 million HeidelbergCement shares – the equivalent of 13% – within the framework of the current takeover bid by Spohn Cement GmbH and that they will remain shareholder in HeidelbergCement with a stake of 7.5%.
The Schwenk/Schleicher family has been shareholder in HeidelbergCement since 1911 and has been represented in the company’s Supervisory Board since 1965. We welcome the decision of the Schwenk/Schleicher family to continue the longstanding shareholding and to remain involved in HeidelbergCement to a remarkable extent.