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HeidelbergCement mourns for Dr. Adolf Merckle
- 8th February 2009
- Materials Handling
Creditors closed in on Dr Merkle's empire after it had suffered from a chain of factors including the current economic conditions, combined with losing out when betting on a VW share fall after which it emerged Porsche had cornered three quarters of VW's stock, which sent share prices soaring.
In an official announcement, Heidelberg said: "It is with great shock that we have learned about the death of Dr. Adolf Merckle. As a shareholder and member of the Supervisory Board he had very close ties with our company for many decades. Dr. Merckle actively accompanied and marked the dynamic development of HeidelbergCement from a medium sized southern German cement company to one on of the world's largest building materials producers. We owe him a lot of respect and thanks. Our deepest sympathies go to his family."