CRH to sell Brazilian business to Companhia Nacional de Cimento

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Brazil: Ireland-based CRH has agreed to sell its Brazilian business to Companhia Nacional de Cimento (CNC), a joint venture between Italy-based Buzzi Unicem and Grupo Ricardo Brennand, for US$218m. The related assets include three integrated cement plants and two grinding plants. The sale is subject to approval by the Brazilian Competition Authority (CADE). CRH Brazil sold approximately 2.5Mt of cement in 2019.

In 2019 CRH sold its 50% stake in India-based My Home Industries for US$354m. Outside of Europe and North America it retains subsidiaries in the Philippines and China.

Last modified on 28 October 2020

URL: https://www.globalcement.com/news/item/11528-crh-to-sell-brazilian-business-to-companhia-nacional-de-cimento

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