CRH terminates Jaypee acquisition

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Ireland/India: International building materials group CRH has said that negotiations with Jaypee Cement Corporation have been terminated because the parties were unable to agree terms.

On 7 August 2012 CRH announced that it had entered into talks with Jaypee regarding the possible purchase by CRH of an equity stake in Jaypee's Gujarat cement business. The operations in Gujurat consisted of clinker plants with a total capacity of 3.6Mt/yr. There are also two cement grinding plants with a total capacity of 2.8Mt/yr.

Last modified on 10 October 2012


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