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Title
Heidelberg cements Hanson offer.
Abstract
The article reports on the decision of Heidelberg Cement of Germany to buy building materials company Hanson for £8 billion, plus £1.5 billion in assumed debt. The transaction will allow Heidelberg to be recognized as the second-largest producer of cement and building materials in the world, after the French company Lafarge. Heidelberg's chief executive officer (CEO) Bernd Scheifele considered the transaction a defining moment for the company.