CRH sees net debt below 4 bln euros by year end

Tue Nov 10, 2009 8:31am GMT
 
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DUBLIN, Nov 10 (Reuters) - Irish building group CRH (CRH.I) expects to reduce its net debt to below 4 billion euros ($5.99 billion) from 4.2 billion euros by the end of 2009 if it makes no further acquisitions, its finance director said on Tuesday.

"If we don't have further acquisitions we think it will be below 4 (billion euros)," Glenn Culpepper told a conference call for analysts. ($1=.6676 euros) (Reporting by Padraic Halpin; Editing by Greg Mahlich)

 

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