CRH dismisses designs on Tarmac

CRH is understood to be unlikely to move for any of the UK assets that road surfaces company Tarmac is being instructed to sell, despite speculation to the contrary.

Britain’s Competition Commission has provisionally ruled that the joint-venture between Tarmac — which is owned by international mining conglomerate Anglo American — and French building materials giant Lafarge could be damaging to competition in the marketplace and must dispose of a number of assets if it is to be approved.

The assets set to be sold are likely to include more than half of the companies’ combined ready mixed concrete (RMC) assets, and a number of quarries, asphalt plants and cement facilities.