Semapa has notified CRH of its intention to acquire CRH's 49 per cent holding in their Portuguese cement joint venture Secil for €574 million, CRH confirmed today.
An Arbitral Tribunal in Paris in August said CRH and Semapa, also based in Portugal, were obliged to complete the transaction at an equity price of €574 million.
Semapa has now notified CRH that it will comply with this ruling and acquire the Secil shares held by CRH on...
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