CRH confirms interest in cementmakers’ assets

CRH yesterday confirmed that it is in discussions with Lafarge and Holcim regarding the potential acquisition of certain assets being disposed of by the cementmakers in advance of their proposed merger.

The buildings materials group’s spokesperson stated: “While there can be no certainty that these discussions will result in a transaction, if an acquisition was to proceed, it is likely that it would be funded through a combination of existing cash balances, debt and an equity placing. At this stage, there can be no certainty that these discussions will lead to any transaction.

“A further announcement will be made if and when appropriate.”