CRH completes final phase of European lime divestment
CRH plc (NYSE: CRH), a leading provider of building materials solutions, has completed the final phase of its European lime divestment. The company announced on November 22, 2023, that it had reached an agreement to divest its lime operations in Europe for a total consideration of approximately $1.1 billion. The third and final phase of the transaction, which included the Group's lime operations in Poland, has now been concluded. This marks the completion of CRH's strategic divestment of its European lime business, aligning with the company's ongoing portfolio optimization efforts.
CRH plc (NYSE: CRH), un fornitore leader di soluzioni per materiali da costruzione, ha completato l'ultima fase della dismissione della sua attività di calce in Europa. L'azienda ha annunciato il 22 novembre 2023 di aver raggiunto un accordo per cedere le proprie operazioni di calce in Europa per un importo totale di circa 1,1 miliardi di dollari. La terza e ultima fase della transazione, che includeva le operazioni di calce del Gruppo in Polonia, è stata ora conclusa. Questo segna il completamento della dismissione strategica da parte di CRH della sua attività di calce in Europa, in linea con gli sforzi continui dell'azienda per ottimizzare il proprio portafoglio.
CRH plc (NYSE: CRH), un proveedor líder de soluciones de materiales de construcción, ha completado la fase final de su desinversión en cal en Europa. La compañía anunció el 22 de noviembre de 2023 que alcanzó un acuerdo para deshacerse de sus operaciones de cal en Europa por un total de aproximadamente 1.1 mil millones de dólares. La tercera y última fase de la transacción, que incluía las operaciones de cal del Grupo en Polonia, se ha concluido. Esto marca la finalización de la desinversión estratégica de CRH de su negocio de cal en Europa, alineándose con los esfuerzos continuos de la compañía para optimizar su cartera.
CRH plc (NYSE: CRH)는 건축 자재 솔루션의 선도적인 제공업체로서 유럽의 석회 사업 매각 최종 단계를 완료했습니다. 회사는 2023년 11월 22일에 유럽에서 석회 운영을 매각하기 위한 합의에 도달했으며, 총 금액은 약 $11억 달러에 이릅니다. 이 거래의 세 번째이자 마지막 단계에는 폴란드의 그룹 석회 운영이 포함되었으며, 이제 마무리되었습니다. 이것은 CRH의 유럽 석회 사업 전략적 매각의 완료를 나타내며, 회사의 지속적인 포트폴리오 최적화 노력과 일치합니다.
CRH plc (NYSE: CRH), un fournisseur leader de solutions en matériaux de construction, a complété la phase finale de sa désinvestissement en chaux en Europe. L'entreprise a annoncé le 22 novembre 2023 avoir conclu un accord pour céder ses opérations de chaux en Europe pour un montant total d'environ 1,1 milliard de dollars. La troisième et dernière phase de la transaction, qui comprenait les opérations de chaux du groupe en Pologne, est maintenant terminée. Cela marque l'achèvement du désinvestissement stratégique de CRH de son activité de chaux en Europe, s'inscrivant dans les efforts continus de l'entreprise pour optimiser son portefeuille.
CRH plc (NYSE: CRH), ein führender Anbieter von Lösungen für Baumaterialien, hat die letzte Phase seiner europäischen Kalkveräußerung abgeschlossen. Das Unternehmen gab am 22. November 2023 bekannt, dass es eine Vereinbarung zur Veräußerung seiner Kalkbetriebe in Europa für einen Gesamtbetrag von etwa 1,1 Milliarden Dollar getroffen hat. Die dritte und letzte Phase der Transaktion, die die Betriebsstätten des Unternehmens in Polen umfasste, ist nun abgeschlossen. Dies markiert den Abschluss der strategischen Veräußerung des europäischen Kalkgeschäfts von CRH und steht im Einklang mit den fortlaufenden Bemühungen des Unternehmens zur Optimierung seines Portfolios.
- Completion of European lime divestment for c.$1.1 billion
- Strategic alignment with portfolio optimization efforts
- None.
The completion of CRH's European lime divestment marks a significant strategic move for the company. With a total consideration of
The divestment aligns with the industry trend of portfolio optimization, allowing CRH to focus on its primary building materials solutions. This move may improve overall profit margins if the lime operations were underperforming relative to other segments. Investors should monitor how CRH plans to utilize the proceeds and whether this will lead to improved return on invested capital (ROIC) in the long term.
CRH's exit from the European lime market could signal a shift in industry dynamics. This move may create opportunities for remaining players to consolidate market share, potentially leading to price stabilization or increases in the lime sector. For CRH investors, this divestment reduces exposure to cyclical industries tied to lime production, such as steel manufacturing and environmental applications.
The
About CRH
CRH (NYSE: CRH, LSE: CRH) is the leading provider of building materials solutions that build, connect and improve our world. Employing approximately 78,500 people at approximately 3,390 operating locations in 28 countries, CRH has market leadership positions in both
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Albert Manifold, Chief Executive
Jim Mintern, Chief Financial Officer
Lauren Schulz, Chief Communications Officer
Tom
Source: CRH plc
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