31 May 2005

HeidelbergCement increases its stake in Indocement

In today’s meetings, the Managing Board and the Supervisory Board of HeidelbergCement AG resolved to further increase the stake in the Indonesian cement company Indocement, which has been fully consolidated since 2004. This will be performed by a capital increase against contribution in-kind without subscription rights in the nominal amount of EUR 16,715,148.80, corresponding to 6,529,355 new shares. The contribution in-kind will be rendered by two companies owned by members of the Merckle family. The issuing price of EUR 47.42 is the average of the closing rates of the last 30 stock exchange trading days. Transaction value amounts to EUR 310 million. Following this transaction, the stake of HeidelbergCement in Indocement will increase to 65.1%. The equity ratio of the Group will increase from 39% to 41%.

HeidelbergCement has had a shareholding in Indocement since 2001. Indonesia’s second-largest cement producer operates three cement plants with a total capacity of 16.5 million tonnes and covers around one third of the Indonesian cement demand.     

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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