Tuesday June 2, 2020

Troubled CRH joint venture in talks with banks

One of CRH’s biggest joint ventures has been forced into crunch talks with its banks over debts of €190 million.

12th May, 2007

One of CRH’s biggest joint ventures has been forced into crunch talks with its banks over debts of €190 million.

Poor trading caused it to breach the terms of its loans.

Cementbouw BW, a Dutch ready-mixed concrete and materials firm in which CRH took a 45 per cent stake in 2003, breached its agreement by failing to earn enough to meet the banks’ requirements.

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