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3 years ago
BRIEF-CRH says 6.5 bln eur deal makes it Europe's no.1 building materials group
February 2, 2015 / 7:16 AM / 3 years ago

BRIEF-CRH says 6.5 bln eur deal makes it Europe's no.1 building materials group

Feb 2 (Reuters) - CRH Plc

* Acquisition announcement

* Lafarge/Holcim deal funded by eur 2.0 bln euro cash from balance sheet, new debt and a 9.99% equity placing

* Sees 90m net synergies run rate by year three

* On completion, CRH will be global #3 building materials player

* Around 25% EPS accretive in first full year of ownership

* 2014 EBITDA guidance confirmed to be not less than 1.625 bln euros

* Acquisition will make CRH largest building materials company in central and eastern europe Source text for Eikon: Further company coverage: (Reporting By Padraic Halpin)

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