CRH to purchase 49% stake in Portuguese Secil

Building materials giant CRH today announced that it has reached an agreement to acquire a 49% equity stake in Secil, a Portuguese manufacturer of cement and ready-mixed concrete.

Secil is a subsidiary of Semapa, a publicly quoted company in Portugal. Semapa and CRH have also agreed the terms of a shareholder agreement under which they will have joint management control of Secil.