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Dublin firm to buy £5bn Lafarge/Holcim assets

Dublin-based CRH is to buy a raft of assets from merging materials giants Lafarge and Holcim for €6.5bn (£4.9bn).

CRH announced that it had signed a deal to acquire a portfolio of assets across Canada, the UK, France, Germany, Slovakia, Serbia, Hungary, Romania, the Philippines and Brazil.

The European Commission recently approved the proposed merger of Lafarge and Holcim – on the condition that they sold various parts of their European empires.

CRH said in a statement today that it had existing business activities in most of the regions involved in the acquisition, and would look to incorporate the new activities into its existing structures.

 

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