July 16, 2019 / 6:18 AM / a month ago

CRH to sell European distribution arm to Blackstone in $1.9 bln deal

July 16 (Reuters) - Irish cement maker CRH said on Tuesday it has agreed to sell its European distribution arm to private equity funds managed by Blackstone Group Inc for an enterprise value of about 1.64 billion euros ($1.85 billion).

$1 = 0.8882 euros Reporting by Pushkala Aripaka in Bengaluru; Editing by Arun Koyyur

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