CRH statement on Lafarge Holcim Transaction

RNS Number : 5080H

CRH PLC

16 March 2015

 



N      E      W      S                R      E      L      E      A      S      E

 

16 March 2015

CRH notes the announcement this morning by Holcim, stating that its board has concluded that the Combination Agreement between Holcim and Lafarge can no longer be pursued in its current form,  and that Holcim has proposed to enter into negotiations in good faith with Lafarge around the exchange ratio and governance issues.  CRH also notes Lafarge's announcement confirming its commitment to the Combination and its willingness to explore the possibility of a revision of the exchange ratio but that it will not accept any other modification of the terms of the existing agreements.

As set out in the Circular to shareholders dated 20 February 2015, CRH will hold an Extraordinary General Meeting at 9.30am on 19 March 2015 to approve the acquisition by CRH of the Lafarge Holcim disposal assets. 

A further announcement will be made as and when appropriate.  

Contact CRH at Dublin 404 1000 ([phone])

Frank Heisterkamp

Head of Investor Relations

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

 

END

 

 

MSCJFMPTMBIBMIA