Heidelberg Materials weighs U.S. listing to tackle valuation gap
Reuters
Published Feb 22, 2024 09:22AM ET
FRANKFURT (Reuters) - Heidelberg Materials is weighing a listing in the United States as a way to potentially tackle a geographical gap in valuation, its chief executive told analysts on Thursday.
While ruling out a corporate split in the vein of larger rival Holcim (SIX:HOLN), Dominik von Achten said the company was looking at all other options to raise value, including a local listing.
"For me whether you list in the U.S. or whether you split your business completely and make two different players out of it is a difference," Dominik von Achten told analysts after presenting full-year results.
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Written By: Reuters
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