Development strategy update

CRH plc, the international building ­materials group, announces 2017 year-to-date acquisition and investment spending of approximately € 500 million reflecting eight transactions. In addition, the Group has reached agreement to divest six businesses which will result in total proceeds of approximately € 400 million.

Acquisitions – c.€ 500 million

Development activity in the first two months of 2017 comprised seven acquisitions spread across each of the four Americas Materials divisions (North, South, Central and West) and also CRH Canada. In addition, one small investment transaction was completed by the CRH Americas Products Division.

Divestments – c.€ 400 million

The Europe Heavyside Division has reached agreement on six divestments to date in 2017 for total proceeds of approximately € 400 million.

Germany: In the largest disposal transaction so far this year, CRH has reached agreement to divest one cement plant and one grinding station in Germany; these assets formed part of the LH Assets acquisition in 2015. The transaction is subject to approval by the German Competition Authority (Bundeskartell-amt).

France, Germany and Switzerland: Three further smaller divestments have taken place in France, Germany and Switzerland in the first two months of 2017.

www.crh.com

x

Related articles:

Issue 2019-5 CEMEX S.A.B. DE C.V.

Binding divestment agreements with Çimsa Çimento and GP Günter Papenburg

Cemex announced that it has reached a binding agreement with Çimsa Çimento Sanayi Ve Ticaret A.S., to divest Cemex’s white cement business, including its Buñol cement plant in Spain, for...

more

Acquisition of Cemex Australia

After completion of the due diligence and the approval of the Australian authorities, Holcim has successfully completed the acquisition of Cemex Australia as per 01.10.2009. The new Group company,...

more
Issue 2009-11

Acquisition of Cemex Australia successfully completed

After completion of the due diligence and the approval of the Australian authorities, Holcim has successfully completed the acquisition of Cemex Australia as per 01.10.2009. The new Group company,...

more

HeidelbergCement makes good progress with portfolio optimisation

HeidelbergCement has made good progress with the acceleration of its portfolio optimisation during the past weeks. The company closed the divestment of its 50?% share in Ciment Québec and its...

more
Issue 2019-4 CEMEX S.A.B. DE C.V.

Cemex announces divestment of assets in the Baltics and Nordics

Cemex announced that it has signed an agreement for the sale of assets in the Baltics and Nordics to the German building materials group Schwenk, for approximately € 340 million. The Baltic assets...

more