CRH Announces Completion of Europe Distribution Divestment
On 16 July 2019, CRH plc announced that it had reached agreement to divest of its Europe Distribution business for an Enterprise Value of €1.64 billion payable in cash. CRH is pleased to announce that the transaction is now complete.
CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is the leading building materials business in the world, employing c.90,000 people at c.3,700 operating locations in 32 countries. It is the largest building materials business in North America, the largest heavyside materials business in Europe and has a number of strategic positions in the emerging economic regions of Asia and South America. CRH manufactures and supplies a range of integrated building materials, products and innovative solutions which can be found throughout the built environment, from major public infrastructure projects to commercial buildings and residential structures. A Fortune 500 company, CRH is a constituent member of the FTSE 100 index, the EURO STOXX 50 index, the ISEQ 20 and the Dow Jones Sustainability Index (DJSI) Europe. CRH’s American Depositary Shares are listed on the NYSE. For more information visit www.crh.com.
Albert Manifold – CEO – + 353 1 404 1000
Source: CRH plc