CRH walks away from Egyptian bid

CRH may bid for French building supplies firm Franz Bonhomme, following yesterday's disclosure the group had walked away from a bid for Egyptian-based Misr Beni Suef Cement (MBSC), a cement manufacturer.

Exclusive talks had been going on for over 12 months between the two the Egyptian group confirmed yesterday.

CRH refuses to comment on speculation, or on its specific takeover targets.