Germany-based HeidelbergCement AG is exploring the sale of some of its U.S. assets as the producer’s chief executive Dominik von Achten seeks to divest peripheral businesses, reported Bloomberg. The company is working with Morgan Stanley on the sale of California operations, which could fetch around $1.5 billion, according to people familiar with the matter.
Read MoreHeidelbergCement Reportedly Seeks to Divest $1.5 Billion U.S. Assets
