Heidelberger Zement acquires Scancem

Heidelberger Zement acquires Scancem Aker RGI and Skanska have signed a binding agreement to sell all their shares in Scancem (representing in total 73.4 % of the capital and 90.8% of the votes of Scancem) to Heidelberger Zement AG. Heidelberger Zement has committed to launch a tender offer to buy the remaining outstanding shares of Scancem at the same price. The agreement is conditional on the sale by Scancem of the Finnish business, which is in the process of being finalized, as well as on obtaining the necessary regulatory approvals. The Finnish business consists of the cement producer Finnsementti and Lohja Rudus, producer of ready-mixed concrete and aggregates. The price payable by Heidelberger Zement will depend on the sale price of the Finnish business. Therefore, the exact price will only be determined upon the signature of a contract with the buyer of the Finnish business. It is anticipated that the price - after a payment of the anticipated dividend of SEK 12 per share - will range from SEK 390 to SEK 410 for A shares and from SEK 370 to SEK 390 for B shares. The tender offer is expected to be launched by the end of August, provided that the conditions to closing have been satisfied. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/05/03/19990503BIT00120/bit0001.pdf http://www.bit.se/bitonline/1999/05/03/19990503BIT00120/bit0002.doc