CRH AGREEMENT TO ACQUIRE UKRAINE CEMENT BUSINESS

RNS Number : 2915D

CRH PLC

26 April 2013

 



 

 

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26 April 2013

CRH REACHES AGREEMENT TO

ACQUIRE UKRAINE CEMENT BUSINESS

CRH plc, the international building materials group, announced today that it has reached agreement to acquire Lafarge-owned Mykolaiv Cement for an upfront cash consideration, including debt assumed, of euro 96 million.  Completion of the transaction is subject to the granting of the required regulatory approvals.

With the addition of Mykolaiv Cement, located in the Lviv region of Western Ukraine, CRH becomes the market leader in Ukraine, allowing it to further leverage the benefits of the new Podilsky factory.

CRH in Ukraine: CRH entered the Ukraine market in 1999 with the acquisition of Podilsky Cement and in 2011 commissioned a state of the art dry process kiln at that facility with an annual clinker capacity of 2.3 million tonnes. Also in 2011, CRH acquired a majority stake in Odessa Cement. 

Contact CRH at Dublin 404 1000 ([phone])

Myles Lee	Chief Executive
Maeve Carton Frank Heisterkamp	Finance Director Head of Investor Relations

CRH plc, Belgard Castle, Clondalkin, Dublin 22, Ireland TELEPHONE [phone]   FAX [phone]

E-MAIL: [e-mail]    WEBSITE: www.crh.com    Registered Office, 42 Fitzwilliam Square, Dublin 2, Ireland

 

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