CRH completes Philippines transaction

RNS Number : 0252Z

CRH PLC

15 September 2015

 

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15 September 2015

CRH plc completes Philippines element  of

Lafarge-Holcim transaction

On 2 February 2015, CRH plc announced that it had reached agreement to acquire certain assets from Lafarge S.A. and Holcim Ltd for a total Enterprise Value of €6.5 billion.  On 3 August 2015, the Group confirmed that the majority of the transaction was complete, with the exception of the operations in the Philippines.

CRH is pleased to announce today that the Philippines element of the transaction has now also been completed.

-Ends-

For further information, please contact CRH plc at Dublin ([phone]):

Albert Manifold	Chief Executive
Maeve Carton	Finance Director
Frank Heisterkamp	Head of Investor Relations
Mark Cahalane	Group Director Corporate Affairs

 

Notes to Editors

·  The Transaction more than doubles CRH's cement production volumes and will further expand its aggregates and readymixed concrete portfolios.

·   CRH becomes the third largest building materials player globally and the world No. 2 in aggregates. Employee numbers will increase by 15,000 people to c.93,000.

·     The acquired assets consist of over 685 locations in 11 countries and include:

-    the largest cement producer in Central Canada; an excellent fit with CRH's existing Americas Materials business, further strengthening the Group's position in this key North American region;

-    major cement and aggregates operations in Western Europe's three largest markets; Great Britain, France and Germany;

-    leading cement and aggregates companies in the growth regions of Central and Eastern Europe (CEE), creating a strong regional cluster in which CRH becomes the number one heavyside building materials company;

-    and entry positions of scale in two emerging economic regions; Brazil and the Philippines.

About CRH 

CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is a leading diversified international building materials group, employing c.93,000 people at c.4,000 operating locations in 37 countries worldwide. With a market capitalisation of c.€21 billion (September 2015), CRH is the largest building materials company in North America and the third largest worldwide. The Group has leadership positions in Europe as well as established strategic positions in the emerging economic regions of Asia and South America. CRH is committed to improving the built environment through the delivery of superior materials and products for the construction and maintenance of infrastructure, housing and commercial projects. A Fortune 500 company, CRH is a constituent member of the FTSE 100 index and the ISEQ 20 with American Depositary Shares listed on the NYSE. For more information visit www.crh.com

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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