CRH is interested in U.S. and Belgian assets that HeidelbergCement may sell to address competition concerns over its acquisition of Italy’s Italcementi, according to Reuters.
“U.S. cement is of interest to us and we’re fully aware of the asset that may spin out of the potential acquisition,” says Albert Manifold, CRH’s chief executive. “With regards to Belgium, it’s a prime asset and certainly it would make a good fit with our businesses, providing the value is right.”
According to Reuters, German cement maker HeidelbergCement agreed to buy Italcementi for 6.7 billion euros last year. Reuters adds that the company says it would propose selling all of Italcementi’s activities in Belgium and mandated BNP Paribas to run the process.
HeidelbergCement is a building materials company in more than 40 countries. Its core activities include the production and distribution of cement and aggregates.
CRH is a global building materials group that employees more than 89,000 people at around 3,900 locations worldwide. It delivers building materials and products for use in buildings, roads, public spaces, infrastructure and other construction areas.
