CRH PLC CRH agrees $1.1bn divestment of European lime (3009U)
22 Noviembre 2023 - 1:00AM
UK Regulatory
TIDMCRH
RNS Number : 3009U
CRH PLC
22 November 2023
Press Release
CRH agrees $1.1bn divestment of European lime operations
CRH plc, the leading provider of building materials solutions,
is pleased to announce that it has reached an agreement to divest
its lime operations in Europe (the "Business") to SigmaRoc plc for
a total consideration of c.$1.1 billion. The transaction is subject
to customary conditions and regulatory approvals.
The Business comprises 16 operating locations with leading
market positions across Ireland, the UK, Germany, Czech Republic
and Poland. The combined Business generated sales of c.$610 million
and EBITDA of c.$137 million in 2022.
The transaction is structured in three phases, the first of
which is expected to complete in early 2024 comprising the Group's
lime operations in Germany, Czech Republic and Ireland. The
remaining phases, consisting of operations in the UK and Poland,
are expected to complete in 2024.
Albert Manifold, Chief Executive of CRH, said: "The decision to
divest at an attractive valuation follows a comprehensive review of
the Business and demonstrates CRH's active approach to portfolio
management. The proceeds from the divestment will provide us with
significant additional capital allocation opportunities to deliver
further growth and value creation for our shareholders".
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Contact CRH at Dublin 404 1000 (+353 1 404 1000)
Albert Manifold Chief Executive
Jim Mintern Chief Financial Officer
Frank Heisterkamp Director of Capital Markets
& ESG
Tom Holmes Head of Investor Relations
About CRH
CRH (NYSE: CRH, LSE: CRH) is the leading provider of building
materials solutions that build, connect and improve our world.
Employing c.75,800 people at c.3,160 operating locations in 29
countries, CRH has market leadership positions in both North
America and Europe. As the essential partner for road and critical
utility infrastructure, commercial building projects and outdoor
living solutions, CRH's unique offering of materials, products and
value-added services helps to deliver a more resilient and
sustainable built environment. The company is ranked among sector
leaders by Environmental, Social and Governance (ESG) rating
agencies. A Fortune 500 company, CRH's shares are listed on the
NYSE and LSE.
Registered Office: No 12965. Registered Office: 42 Fitzwilliam
Square, Dublin 2, R02 R279, Ireland
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