CRH to dispose 30% of subsidiary portfolio

CRH is set to dispose up to 30% of its subsidiary portfolio, with 20% set to be reviewed for potential restructuring. Any potential sales could happen in a three-year time frame, said CRH's finance director Maeve Carton. According to Albert Manifold, group CEO of CRH, the additional 20% of assets will “most unlikely” be up for sale. The company noted that 45 subsidiary companies will make up the remaining 10% of its current asset base set for “orderly disposal.” It was also noted that the company
March 10, 2014 Read time: 1 min

723 CRH is set to dispose up to 30% of its subsidiary portfolio, with 20% set to be reviewed for potential restructuring.

Any potential sales could happen in a three-year time frame, said CRH's finance director Maeve Carton.

According to Albert Manifold, group CEO of CRH, the additional 20% of assets will “most unlikely” be up for sale.

The company noted that 45 subsidiary companies will make up the remaining 10% of its current asset base set for “orderly disposal.” It was also noted that the company is able to spend a maximum of €1.5 billion on new takeovers in the coming one and a half years.

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