The story of a €523m deal

The story of a €523m deal View Gallery

As Breedon Group confirms it has acquired the Lagan Group, Róisín Burke charts the history of the company built from below the ground up by two Belfast-born brothers, and predicts what will be next for them

More than a decade after the Lagan Group first looked at selling its multi-million building materials empire, it has finally happened. Advisors were engaged and suitors suggested at that time in 2007, but a sale did not proceed. This time around the blockbuster deal is locked and loaded.

For €523 million, construction magnate Kevin Lagan has sold the company he and his brother Michael built, literally, from below the ground up, growing from a few quarries...

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