HeidelbergCement Selling 520 Million Indocement Shares - Term Sheet
09 Junio 2009 - 7:00AM
Noticias Dow Jones
German cement maker HeidelbergCement AG (HEI.XE) is seeking to
sell up to US$237 million worth of shares in Indocement Tunggal
Prakarsa PT (INTP.JK), according to a term sheet seen by Dow Jones
Newswires on Tuesday.
The German cement maker is selling 520 million shares in the
Indonesian cement producer in a price range of IDR5,750-IDR6,200 a
share, representing a 9%-16% discount to its closing price Tuesday
of IDR.
HeidelbergCement will use the proceeds of the share sale to pay
down debt, the term sheet said.
-By Jackie Cheung, Dow Jones Newswires; 852-2802-7002;
jackie.cheung@dowjones.com