HeidelbergCement plans to seek state aid

Published:  29 May, 2009

FRANKFURT: HeidelbergCement, parent company of Hanson, is said to be considering an application for German state aid.


According to a report issued by Reuters this morning, "State help is something that HeidelbergCement is looking at," said a source, adding that no talks had yet been started with the German Government.

The company wants to make a deal with lenders to refinance its 9bn euros of bank debt by the end of June. It is also coming under pressure from some lenders to sell parts of its business.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

We work closely with the National and Large Independent Builders Merchants as well as Manufacturers & Distributors. We have vacancies all over the UK for those who work within the Building Supplies sector.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.