Market Talk: A mysterious move on CRH from an activist investor

Earlier this year, Cevian took a stake in Cement Roadstone Holdings, but it’s still unclear what its long-term strategy is

7th July, 2019
Albert Manifold, chief executive of CRH Pic: Maura Hickey

Almost five months have passed since the activist hedge fund Cevian emerged on the share register at CRH. It had stayed quiet about its intentions but, in the past couple of weeks, its managing partner broke cover with its thoughts on the Irish building materials giant.

In an interview with Reuters, which broke the story of the stakebuilding in CRH, Christer Gardell said that CRH had “become too complex, both structurally and operationally, which hampers...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Private rental sector remains strong despite Covid-19

How the programme for government will shape housing

Insight Niall Byrne 8 months ago

Comment: US must defuse Covid-19’s ticking time bomb of debt

Insight Todd G Buchholz 8 months ago

Comment: The recovery will be more U than V-shaped

Insight Larry Hatheway 8 months ago