CRH confirm discussions with Lafarge Holcim

International building material group in talks over acquisition of certain assets ahead of proposed merger

CRH have confirmed recent press speculation that they are in discussions with Lafarge and Holcim regarding the potential acquisition of certain assets being disposed of in advance of the proposed Lafarge Holcim merger.

The Dublin-based international building materials group says that while at this stage there can be no certainty that these discussions will result in a transaction, if an acquisition was to proceed, it is likely that it would be funded through a combination of existing cash balances, debt and an equity placing.

Reports in the business press suggest CRH are the leading bidders, having submitted the best offer to date, thought to be around €6 billion, although it is understood that exclusivity has not yet been secured.

CRH say a further announcement will be made if and when appropriate.