Cevian wants simpler CRH structure

CRH needs to press ahead with extensive structural improvements, activist shareholder Cevian Capital has said, adding that the Dublin-based building materials company could double in value in the next three to five years if it does so.

CRH has been on a €8.8bn acquisition spree over the past four years, accumulating a complicated structure, but has now begun shedding some assets and put its €2bn European distribution arm up for strategic review.