CRH asset swap with Cementos Portland Valderrivas SA
26 February 2013
CRH plc (”CRH”) and Cementos Portland Valderrivas SA (“CPV”) have on 25th February reached agreement, effective immediately, on an asset swap in relation to certain Spanish assets.
CRH will transfer its 26% stake in Corporacion Uniland SA to CPV. In consideration, CPV will transfer its 99% stake in Cementos Lemona SA to CRH.
Cementos Lemona is an integrated cement, RMC and aggregates business located close to Bilbao in the Basque region of Northern Spain. Further, CRH will acquire Southern Cement Limited, a cement importation business, based in Ipswich, England as part of the transaction.
As part of the transaction CRH and CPV will terminate all legal disputes with each other.
|Contact CRH at Dublin 404 1000 (+353 1 404 1000) |
|Myles Lee ||Chief Executive |
|Albert Manifold ||Chief Operating Officer |
|Maeve Carton ||Finance Director |
View the full release (PDF, 68 KB, opens in a new window).