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13 October 2011

Holcim sees share price rise

First publishedon www.AggBusiness.com
Swiss cement producer Holcim has seen its share price increase following Thomas Schmidheiny's move to increase his stake in the company to 20% and Filaret Galchev's decision to almost double his stake in Holcim to 10.1%.

There are rumours that Holcim could become the object of a take-over bid by Eurocement.

However, in a recent report, Patrick Appenzeller, an analyst at Helvea, has said that such a purchase is unlikely given the difficult loans and credit market.

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