Vicat sale

Heidelberg Cement has completed the sale of its 35% stake in France-based Vicat group, which produces cement, aggregates and ready mixed concrete. The company sold its 16,4 million shares at € 86 each, for total proceeds of € 1,4 billion. Heidelberg says the majority of the shares – 9,99 million – were sold via a private placement. Some 0,77 million were placed on the open market, with the remainder being sold to Vicat itself and its other private owners