CRH bids for €5bn assets offered by merging rivals

CRH has submitted bids for assets put up for sale by cement makers Holcim and Lafarge ahead of their planned merger.

Other interested groups include Blackstone and CVC Capital Partners, according to sources.

Blackstone has teamed up with Cinven and Canada Pension Plan Investment Board, while CVC made a bid with Singapore’s sovereign-wealth fund GIC.