Sunday September 27, 2020

Mega merger clears way for €6.5bn CRH deal

Industry giants Lafarge and Holcim agree new merger terms to create the largest cement company in the world. Philip Connolly reports

22nd March, 2015
Albert Manifold, chief executive, CRH . Picture: Feargal Ward

In front of the company’s assembled shareholders was the choice of whether or not to approve CRH’s much heralded €6.5 billion asset purchase deal, a deal which has been described as a “game-changer”.

Earlier this year, CRH was presented with the once-in-a-generation opportunity to buy a massive portfolio of global assets when both Lafarge and Holcim sought to sell off assets that could create competition problems to push through...

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