Major Indian acquisition falls through for CRH

Construction materials firm CRH said negotiations with Indian company Jaypee have been terminated as parties were unable to agree terms.

9th October, 2012
Major Indian acquisition falls through for CRH
RH’s share price was down 2.6 per cent.

Construction materials firm CRH said negotiations with Indian company Jaypee have been terminated as parties were unable to agree terms.

A short time ago, CRH’s share price was down 2.6 per cent.

In early August CRH said it had entered negotiations with Jaypee and it was reported to have reached an understanding to buy a 51 per cent stake in an Indian cement facility. Earlier reports had suggested that the deal could be worth...

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