Potential IPO for Hanson Building Products
HeidelbergCement announce filing of registration statement for potential Initial Public Offering
AS part of their previously disclosed plan to divest a significant portion of their building products business in North America and the UK, HeidelbergCement have announced that their subsidiary Hanson Building Products Ltd have filed a registration statement with the US Securities and Exchange Commission for a potential initial public offering (IPO) of their ordinary shares.
Hanson Building Products were formed by HeidelbergCement to own and operate a diversified portfolio of concrete and clay building product manufacturing assets and sales channels in the US, Eastern Canada and the UK.
The number of shares to be offered and the price range for the potential offering have not yet been determined.
