CRH transfers its 49%
holding in Portuguese cement joint venture

CRH plc, the international building materials company, announces that it has transferred its 49% shareholding in Secil, the Portuguese cement producer, to Semapa (SGPS, S.A.), its former joint venture partner.

The transfer is pursuant to a call option exercised by Semapa and confirmed by an award issued by an Arbitral Tribunal in Paris, functioning under the Rules of Arbitration of the International Chamber of Commerce (ICC), at a valuation of €574 million.

The net proceeds received by CRH amount to €564.5 million and reflect the valuation set by the Arbitral Tribunal as adjusted for legal...

Related articles:

Lafarge: Joint Venture in the UK

Lafarge and Anglo American announce the completion of their 50:50 joint venture which combines their cement, aggregates, ready-mix concrete, asphalt and asphalt surfacing, maintenance services, and...


Lafarge: Joint venture in Mexico

Lafarge announces it has reached an agreement with Elementia to combine their cement assets in Mexico. Lafarge will bring its two plants of Vito and Tula for a total capacity close to 1mT, while...

Issue 2012-04

Anglo/Lafarge joint venture threatens competition

The Competition Commission has decided provisionally that the proposed UK joint venture between Anglo American plc and Lafarge SA could damage competition in certain markets for construction...

Issue 2012-03

CDS Group and KEMCO form Joint Venture

The CDS GROUP and KEMCO have formed a joint venture for the manufacture, sales and service of the Original Vapor Energy Systems products line worldwide. CDS have provided curing solutions in the...

Issue 2011-05 Frima Neptune Enterprise

Private limited in India

Frima has a lot of experience in the design and production of high-capacity block- and paver plants on the base of single-pallet machines. Neptune has long experience in the field of block plant...