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Ireland: Cement rival eyes Lafarge/Holcim asset dumps

 |  September 18, 2014

An Irish cement company is reportedly eyeing a whole acquisition of the assets planned to be divested by Lafarge and Holcim following their merger.

Reports say CRH is considering a purchase of the assets, according to unnamed sources.

CRH faces bidding competition from private equity firms, and bidding could reach $6.5 billion to $9 billion, according to reports.

The sources added that the bids will likely emerge soon.

Among the private equity firm groups expected to make an offer are Blackstone, Cinven and Canada-based pension fund CPP. Advent and BC Partners may pair up to offer another bid, the sources said.

Lafarge and Holcim will likely sell significant assets in efforts to secure approval for their merger that would create the world’s largest cement company.

Full content: Reuters

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