Institutional Investors completed the acquisition of a 7.8% stake in Ciments du Maroc from HeidelbergCement.

Institutional Investors completed the acquisition of a 7.8% stake in Ciments du Maroc, a Moroccan construction materials company. Financial terms were not disclosed. “The reduction in shareholding is part of our action plan to optimise our portfolio and generate cash in order to speed up deleveraging. We continue to be well on track to reach our target of €1.5 billion of disposal proceeds by the end of 2020,” Dr. Bernd Scheifele, HeidelbergCement Chairman of the Managing Board.