Tuesday 12 December 2017

CRH hopeful of sealing deal


Irish cement firm CRH is assuming the merger of rivals Lafarge and Holcim will still happen, its chief said after CRH shareholders approved an asset purchase that depends on the deal.

CRH has agreed to buy a number of mostly European assets from Lafarge and Holcim for €6.5bn so the French and Swiss firms can get antitrust clearance for their plan to create the cement industry's biggest company.

Unveiled as a merger of equals in April last year, the plan has looked shaky this year.

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