CRH Said Nearing Agreement to Acquire Holcim-Lafarge Assets
(Bloomberg) — Irish building-materials company CRH is in final negotiations to buy assets that cement makers Holcim and Lafarge need to sell ahead of their planned merger, according to people familiar with the matter. *Agreement could be announced as early as Monday, the people said, asking not to be identified because the talks are not public. *Negotiations are ongoing and could still fall apart, the people said. *CRH, which is partnering with KKR, is discussing a price between about EU6 bln and EU6.6 bln, the people said. *CRH has been competing with a group including Cinven and Blackstone, which hasn’t been officially taken out of the auction, said the people.
*Note: CRH Said to Be Leading Bidder for Holcim-Lafarge Assets Link
To contact the reporter on this story: Manuel Baigorri in London at mbaigorri@bloomberg.net
To contact the editor responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net
