CRH ANNOUNCES TERMINATION OF NEGOTIATIONS IN INDIA

RNS Number : 2897O

CRH PLC

09 October 2012

 

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9 October 2012

CRH ANNOUNCES TERMINATION OF NEGOTIATIONS IN INDIA

On 7 August 2012 CRH plc announced that it had entered into negotiations with Jaypee Cement Corporation (Jaypee) regarding the possible purchase by CRH of an equity stake in Jaypee's Gujarat cement business.

These negotiations have now been terminated as the parties were unable to agree terms.

CRH acknowledges the co-operation of the Jaypee management team throughout the negotiations and due diligence process.

Contact CRH at Dublin 404 1000 ([phone])

Myles Lee               Chief Executive

Albert Manifold       Chief Operating Officer

Maeve Carton        Finance Director

CRH plc, Belgard Castle, Clondalkin, Dublin 22, Ireland TELEPHONE [phone]   FAX [phone]

E-MAIL: [e-mail]    WEBSITE: www.crh.com    Registered Office, 42 Fitzwilliam Square, Dublin 2, Ireland

 

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