Cementbouw acquisition update
30 September 2003
CRH plc, the international building materials group, announced on 29th July 2003 that it had reached agreement in principle to acquire the distribution and building products operations of Cementbouw Handel & Industrie (“Cementbouw”). At the same time, CRH announced that it had also reached conditional agreement to acquire a 45% stake in a leveraged buyout of Cementbouw’s materials operations.
CRH welcomes the prompt decision announced today by the European Commission to clear these transactions which are expected to close in early October.
Contact CRH at Dublin 404 1000 (+353 1 404 1000)
|Liam O’Mahony ||Chief Executive |
|Harry Sheridan ||Finance Director |
|Myles Lee ||Finance Director Designate |
|Brian Hill ||Managing Director, |
CRH Europe Products & Distribution