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News CRH courts buyers for Philippines subsidiaries

CRH courts buyers for Philippines subsidiaries

Written by Global Cement staff 14 November 2019
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Philippines: Irish-based CRH has engaged JP Morgan, the bankers, for the sale of its entire Philippine unit. The company operates 3.1Mt/yr of integrated and 0.8Mt/yr clinker grinding capacity via its stake in Republic Cement’s three integrated plants and one grinding plant, inherited in 2015 from Lafarge and Holcim as a part of the pair’s merger.

The Irish Times has reported the estimated value of the divestment at between Euro1.82bn and Euro 2.73bn. The announcement caused CRH’s share price to rise to its highest level since May 2017.

Last modified on 20 November 2019
Published in Global Cement News
Tagged under
  • Philippines
  • Ireland
  • CRH
  • Divestments
  • sought
  • GCW432

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