CRH to sell cement plants in Germany

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Germany: CRH has agreed to sell one integrated cement plant and one grinding plant in Germany to an unnamed party. These assets were purchased as part of a group of sites acquitted by CRH from LafargeHolcim in 2015. The transaction is subject to approval by the German Competition Authority (Bundeskartellamt). No exact value for the transaction has been released but the Irish building materials company has placed a sale including these assets and others including a clay business in Northern Europe and a concrete business in Belgium, the Netherlands and Luxembourg for Euro400m. CRH currently operates two integrated cement plants in Germany at Wössingen and Karsdorf.

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