CRH plans ‘substantial, game-changing’ assets bid

A successful takeover of assets being offloaded to facilitate the planned mega-merger between Swiss and French cement giants Holcim and Lafarge could prove to be a “game-changing” deal for Irish group CRH, analysts believe.

CRH has confirmed it is in discussions aimed at acquiring certain assets being disposed, in an estimated €6bn deal. Holcim and Lafarge are disposing of cement assets in Europe, Canada, Brazil, and the Philippines.

According to Davy Stockbrokers’ Barry Dixon, this would be a “substantial” and “game-changing” deal for CRH.