Login:
Share:
Email Facebook Twitter

Crh Regulatory News (CRH)



Regulatory News for Crh (CRH)


Share Price: 1,435.00Bid: 1,435.00Ask: 1,437.00Change: -21.00 (-1.44%)Faller - Crh
Spread: 2.00Spread as %: 0.14%Open: 1,458.00High: 1,461.95Low: 1,431.00Yesterday’s Close: 1,456.00





Semapa Intention to Acquire CRH's 49% in Secil

Wed, 25th Apr 2012 10:30

RNS Number : 0211C
CRH PLC
25 April 2012
 

?

N      E      W      S                R      E      L      E      A      S      E

 

 

 

 

 

 

 

 

25 April 2012

 

 

 

 

 

SEMAPA NOTIFIES CRH OF INTENTION TO ACQUIRE CRH'S 49% HOLDING IN
PORTUGUESE CEMENT JOINT VENTURE SECIL

 

 

On 10 August 2011 CRH plc announced that an Arbitral Tribunal in Paris, functioning under the Rules of Arbitration of the International Chamber of Commerce (ICC), had issued its award and that CRH and Semapa (SGPS,S.A.) were obliged to complete the sale and purchase of CRH's 49% shareholding in Secil at an equity price of €574 million.


Semapa has now notified CRH of its intention to acquire the Secil shares held by CRH on 15 May 2012 on the terms set out in the ICC award.


CRH acquired a 49% shareholding with joint management control in Secil in June 2004 for an equity consideration of €329 million plus share of net debt at acquisition of approximately €100 million.

 

 

 

 

Contact CRH at Dublin 404 1000 (+353 1 404 1000)

 

Myles Lee               Chief Executive

Albert Manifold       Chief Operating Officer

Maeve Carton        Finance Director

 

 

CRH plc, Belgard Castle, Clondalkin, Dublin 22, Ireland TELEPHONE +353 1 404 1000   FAX +353 1 404 1007

E-MAIL: mail@crh.com    WEBSITE: www.crh.com    Registered Office, 42 Fitzwilliam Square, Dublin 2, Ireland



Notes for Editors

Secil is a Portuguese manufacturer of cement and ready mixed concrete.  Secil also has cement and ready mixed concrete operations in Tunisia and Lebanon and cement operations in Angola.

 

In 2011, Secil (100% basis) achieved EBITDA of €102 million on sales of €507 million. 
Net debt at 31 December 2011 amounted to €142 million.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSEDSUIFESEFL


Related Shares: CRH (CRH).




DateSourceHeadlineCategory
16-May-13 07:00RNSTransaction in Own SharesTransaction in Own Shares
14-May-13 16:30RNSDirector/PDMR ShareholdingDirectors' Dealings
13-May-13 07:00RNSMain Securities Market NoticeCompany Announcement - General
08-May-13 16:30RNSResult of AGMResults and Trading Reports
08-May-13 16:30RNSDirector DeclarationExecutive Changes
08-May-13 07:00RNSInterim Management Statement (May)Results and Trading Reports
02-May-13 12:00RNS2012 Final Dividend - Scrip AlternativeCompany Announcement - General
30-Apr-13 12:30RNSTotal Voting RightsHolding(s) in Company
26-Apr-13 07:00RNSCRH AGREEMENT TO ACQUIRE UKRAINE CEMENT BUSINESSCompany Announcement - General
25-Apr-13 09:00RNSINTERIM MANAGEMENT STATEMENT NOTIFICATIONCompany Announcement - General
25-Apr-13 07:00RNSTransaction in Own SharesTransaction in Own Shares
11-Apr-13 18:00RNSDirector/PDMR ShareholdingDirectors' Dealings
11-Apr-13 07:00RNSTransaction in Own SharesTransaction in Own Shares
09-Apr-13 07:00RNSTransaction in Own SharesTransaction in Own Shares
04-Apr-13 07:00RNSTransaction in Own SharesTransaction in Own Shares
02-Apr-13 16:30RNSBlocklisting Interim ReviewCompany Announcement - General
28-Mar-13 18:30RNSDirector/PDMR ShareholdingDirectors' Dealings
28-Mar-13 18:15RNSTotal Voting RightsHolding(s) in Company
28-Mar-13 18:15RNSCRH plc - Annual Report on Form 20-FCompany Announcement - General
28-Mar-13 07:00RNSTransaction in Own SharesTransaction in Own Shares
25-Mar-13 18:00RNSCRH plc - 2012 Annual Report & Scrip DividendCompany Announcement - General
21-Mar-13 07:00RNSTransaction in Own SharesTransaction in Own Shares
14-Mar-13 07:00RNSTransaction in Own SharesTransaction in Own Shares
12-Mar-13 11:00RNS2012 Final Dividend Scrip AlternativeCompany Announcement - General
07-Mar-13 07:00RNSTransaction in Own SharesTransaction in Own Shares
06-Mar-13 18:20RNSDirector/PDMR ShareholdingDirectors' Dealings
05-Mar-13 16:00RNSHolding(s) in CompanyHolding(s) in Company
28-Feb-13 18:30RNSTotal Voting RightsHolding(s) in Company
28-Feb-13 18:30RNSTransaction in Own SharesTransaction in Own Shares
28-Feb-13 18:30RNSDirector/PDMR ShareholdingDirectors' Dealings


Regulatory news is displayed end of day, each day at 19:00.
Sign up for Live Prices





Datafeed and UK data supplied by NETbuilder and Interactive Data. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.