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...

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