CRH hires JP Morgan to sell Turkish firm

Ireland’s biggest cement company, CRH and its Turkish partner Eren Holding have hired JP Morgan to sell their Turkish joint venture, according to reports.

Bloomberg yesterday reported that CRH and Eren were to sell jointly-owned Denizli Cimento Sanayii, in which they both have a 50% stake.

A spokesperson for CRH was yesterday unable to confirm or deny the reports, saying that the company has a policy of not commenting on speculation.