Gleiss Lutz advises HeidelbergCement on share buyback programme with a total volume of up to EUR 1 billion
A team of Gleiss Lutz lawyers is advising HeidelbergCement AG on the planned share buyback with a total volume of up to EUR 1 billion which is expected to be completed by 30 September 2023.
The share buyback will be carried out in several tranches. The first tranche in the amount of EUR 300 to EUR 350 million is scheduled to start in August 2021 and is to be completed by January 2022 at the latest. The share buyback will be carried out via the stock exchange.
HeidelbergCement is one of the world's largest integrated manufacturers of building materials and solutions, with leading market positions in aggregates, cement and ready-mixed concrete. The group has around 53,000 employees at more than 3,000 locations in over 50 countries.
HeidelbergCement is being advised by the following Gleiss Lutz team: Dr. Adrian Bingel (partner, Corporate, Stuttgart), Dr. Stephan Aubel (partner, Corporate and Capital Markets, Frankfurt, both lead), Dr. Martin Schockenhoff (of counsel), Dr. Stefanie Lumpp (counsel), Oliver Wolf (all Corporate, all Stuttgart), Dr. Walter Andert (Corporate and Capital Markets, Berlin), Julia Schumann (M&A, Stuttgart).