HeidelbergCement Said Choosing Bidders for $1 Billion Assets

  • German company said to sell Italcementi’s Belgian, U.S. assets
  • Cimsa Cimento, Cementir among bidders for Belgian business

HeidelbergCement AG has made a preliminary selection among more than a dozen offers for $1 billion of assets owned by Italcementi SpA in Belgium and the U.S. that the German producer has to sell before completing the planned acquisition of its Italian competitor, said people familiar with the matter.

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