Pressure on CRH shares after watchdog raid

Shares in cement company CRH are likely to come under pressure today after the company confirmed its premises had been raided by the country’s competition watchdog

CRH, valued at €20bn, confirmed premises in Platin, Co Meath owned by its subsidiary Irish Cement were searched by the Competition and Consumer Protection Commission.

“Irish Cement fully facilitated the inspection and is continuing to co-operate with the Competition and Consumer Protection Commission. Inspections regarding competition policies, procedures and practices are an accepted part of the business environment around the world.