According to circles, the Heidelberg Material Material Shareholder Spohn Cement has sold 1.5 million shares of the building materials group.
The prize was 175 euros per share, the Blomberg news agency reported late Wednesday evening, citing documents available to it. The investment vehicle of the German entrepreneur Ludwig Merckle is still holding a share of 27.6 percent.
The Heidelberg papers were one of the weakest index values with a minus of 2.5 percent to 178.65 euros. A capital market day at the middle of the week obviously didn’t help. Analyst Elodie Rall from the US bank JPmorgan attributed the weaker price development to profit treatment after a very strong course this year.
The Heidelberg material papers were one of the weakest index values with a minus of 2.5 percent. A capital market day at the middle of the week obviously didn’t help. Analyst Elodie Rall from the US bank JPmorgan attributed the weaker price development to profit treatment after a very strong course this year.
Frankfurt (dpa-Afx)
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