Concrete investment for HB-Betoniteollisuus

Finland’s Lemminkäinen has signed an agreement to sell all outstanding shares in its concrete business to Rudus, which is part of Ireland-based materials giant CRH. Rudus is based in Finland and works in concrete and stone building materials and products. The transaction price for the sale of Lemminkäinen Rakennustuotteet Oy is €55 million. The transaction will require regulatory approvals from the Finnish competition authorities, which is expected to be take until the third quarter of 2012.
The divested c

Construction of a new precast concrete panel plant for Essentium in Spain could get underway before the end of the year. The Spain-based company has said that it is to invest €2.5million in the new facility at La Moral de Langreo which will take 12 months to complete.