‘CRH notes the recent press speculation and confirms that it is in discussions with Lafarge and Holcim regarding the potential acquisition of certain assets being disposed of by Lafarge and Holcim in advance of their proposed merger.
While 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.
At this stage there can be no certainty that these discussions will lead to any transaction.
A further announcement will be made if and when appropriate.’
Lafarge has extended the closing date for the MTO applicable to minority shareholders of Ashaka Cement in Nigeria, and is reportedly buying back a <15% stake in Lafarge India.
Bloomberg has reported that CRH and groups led by Blackstone Group LP (BX) and CVC Capital Partners Ltd may be among those who have placed bids for the assets proposed for divestment by Lafarge and Holcim.
Both UltraTech and Sabanci have reportedly backed out of the binding bids for the assets of Lafarge and Holcim being divested as part of their mega merger.