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Books covered for CRH placement to fund Lafarge, Holcim asset buy - source
February 2, 2015 / 9:33 AM / 3 years ago

Books covered for CRH placement to fund Lafarge, Holcim asset buy - source

LONDON, Feb 2 (Reuters) - Books are covered for an accelerated bookbuild by CRH to help fund the Irish building supply group’s acquisition of assets from cement firms Holcim and Lafarge, a source familiar with the matter said on Monday.

CRH said that it was selling around 9.99 percent of its current issued share capital, or 74,039,915 shares, to help fund the 6.5 billion-euro ($7.36 billion) purchase.

The share sale is being led by UBS. JPMorgan , Merrill Lynch and J&E Davy are joint bookrunners. ($1 = 0.8834 euros) (Reporting By Freya Berry, editing by Anjuli Davies)

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