According to H+H, the potential sale is in line with the strategy mentioned in the Annual Report 2018 where the company noted that it will pursue opportunities to change its strategic position in the Russian market.
H+H International A/S develops, produces, and markets lightweight concrete.
's core activity is the manufacture and sale of wall building materials.
's core activity is the manufacture and sale of autoclaved aerated concrete or aircrete.
The second-quarter result was pulled down by DKK120m impairment charges related to H+H's Russian assets.
The level of activity for new housing units has generally bottomed out in most of H+H's markets and there are signs of a moderate recovery, the group said.
H+H announced on 15 May that it had entered into an agreement with Haniel Bau-Industrie to acquire two aircrete factories in Germany.
The acquisitions were expected to cost EUR40.5m and to increase H+H's annual turnover by 10%.
The costs for the planned acquisitions were estimated to total DKK300m but would increase H+H's annual turnover by 10%.
The planned acquisitions are part of H+H's restructuring of its activities which will see a relocation of its light concrete production to Germany.