CRH buys 26% of Chinese cement company

Building materials group CRH has bought a 26% shareholding in Shanghai-listed Jilin Yatai group's cement operations (Yatai Cement) for €200m.

CRH buys 26% of Chinese cement company
Wed, 30 Jan, 2008 - 07:55

Building materials group CRH has bought a 26% shareholding in Shanghai-listed Jilin Yatai group's cement operations (Yatai Cement) for €200m.

The agreement includes an option for CRH to increase its holding in Yatai Cement to 49% by acquiring a further 23% shareholding after four years.

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CourtsBusinessHeathrowPlace: ShanghaiPlace: JilinPlace: HeilongjiangPlace: north eastern ChinaPlace: ChinaOrganisation: CRHOrganisation: Jilin Yatai groupOrganisation: Yatai Cement
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