Semapa to buy CRH stake in joint venture Secil

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.

25th April, 2012
CRH: Semapa to acquire Secil holding

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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago