CRH completes Philippines deal

CRH has completed the Philippines element of its transaction to acquire certain assets from Lafarge and Holcim for a total enterprise value of €6.5 billion. Last month the group confirmed that the majority of the transaction was complete, with the exception of the operations in the Philippines.

September 15, 2015 Read time: 1 min

723 CRH has completed the Philippines element of its transaction to acquire certain assets from 725 Lafarge and 680 Holcim for a total enterprise value of €6.5 billion.

Last month the group confirmed that the majority of the transaction was complete, with the exception of the operations in the Philippines.

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Holcim and Lafarge finalise agreement with CRH on divestments

Following appropriate information-consultation processes with relevant works councils and employee representatives, Lafarge and Holcim have now entered a binding agreement with CRH regarding the sale of several assets. The new group has also completed the appointments for the future Executive Committee of LafargeHolcim following a recommendation by Eric Olsen, future CEO of the combined group.

February 2, 2015

CRH set to buy €6.5bn Holcim Lafarge assets

Holcim and Lafarge have announced plans to sell €6.5 billion worth of assets to CRH as they continue to prepare for their merger.

The assets set to be snapped up by CRH include operations mainly in Europe, Canada, Brazil and the Philippines

Taken together, the assets being disposed under the terms of today’s announcement generated estimated 2014 sales of €5.2 billion, with an estimated 2014 operating EBITDA of €744 million.

"The projected transaction is a key step towards the creation of LafargeHo

September 2, 2015

Philippines: AEV, CRH in deal to acquire stakes in LRI's units

Aboitiz Equity Ventures (AEV) of the Philippines and CRH of Ireland are reported to have widened their ties with Lafarge Republic (LRI) in a deal that involves interests in another two of the listed cement manufacturer's assets.

The companies have inked the revised investment deals that involve the stake acquisitions in the subsidiaries of LRI, which are Lafarge Mindanao and Lafarge Iligan.

The transaction will likely be completed within July-December 2015.

According to AEV, Lafarge Mindanao and L

April 27, 2015

CRH get EC clearance for Lafarge-Holcim assets’ purchase

May 6, 2015

CRH expects “further progress” in H2 2015

The Irish international building materials group, CRH, says it expects further progress in the second half of 2015, with group EBITDA from continuing operations in H2 expected to be ahead of 2014.
The group, which will report its interim results for the six months ending 30 June 2015 on 27 August, revealed this in an interim management statement for the period 1 January 2015 to 30 April 2015. Its annual meeting is in Dublin tomorrow (Thursday).
The statement says that looking ahead to the second half of t