CRH announces termination of negotiations in India
09 October 2012
On 7 August 2012 CRH plc announced that it had entered into negotiations with Jaypee Cement Corporation (Jaypee) regarding the possible purchase by CRH of an equity stake in Jaypee’s Gujarat cement business.
These negotiations have now been terminated as the parties were unable to agree terms.
CRH acknowledges the co-operation of the Jaypee management team throughout the negotiations and due diligence process.