CRH notes the announcement this morning by Holcim, stating that its board has concluded that the Combination Agreement between Holcim and Lafarge can no longer be pursued in its current form, and that Holcim has proposed to enter into negotiations in good faith with Lafarge around the exchange ratio and governance issues.
CRH also notes Lafarge’s announcement confirming its commitment to the Combination and its willingness to explore the possibility of a revision of the exchange ratio but that it will not accept any other modification of the terms of the existing agreements.
As set out in the Circular to shareholders dated 20 February 2015, CRH will hold an Extraordinary General Meeting at 9.30am on 19 March 2015 to approve the acquisition by CRH of the Lafarge Holcim disposal assets.
A further announcement will be made as and when appropriate.
| Contact CRH at Dublin +353 1 404 1000 | |
| Frank Heisterkamp | Head of Investor Relations |