CRH investment spend set to pass €7bn with South Korea cement deal

CRH’s investment spend for this year looks set to inch past the €7bn mark, with the company heavily linked with an €800m move for the number two player in South Korea’s cement market.

CRH’s much-heralded €6.5bn purchase of assets being offloaded as part of the mega merger between European cement titans Holcim and Lafarge is due to formally conclude in August.

The Dublin-headquartered group is set to become the third largest building materials business in the world on the back of that deal, but management has already suggested it won’t be the limit of its 2015 spending.