LafargeHolcim Makes Offer For Heracles Remaining Stake
- Written by Maria Athens
The globe's largest cement creator LafargeHolcim has proposed to buy out the remaining shares it hasn't acquired, in Greek company Heracles.
The cement maker already owns approximately 90% of Heracles; under Greek law LafargeHolcim must put an offer for the left over shares.
LafargeHolcim will pay the purchasing price of 1.23 euros a share for the 11% remainder, according to Reuters. Heracles is the nation's biggest cement manufacturer.
(Source: Reuters)
Tagged under
Related items
-
War and Power in Classical Greece: Lessons for Superpowers and the World
-
The 22nd Annual Capital Link Invest in Greece Forum: "Greece – Looking Ahead With Confidence"
-
Ankara did not like the EU sanctions resolution
-
Greece ranks 5th in top tourism brands
-
Number of American students studying in Greece shows steady rise, according to institute data