CRH PLC (CRH.I)
20 Aug 2019
(This story clarifies that global cement industry accounts for 7% of carbon dioxide emissions, according to the International Energy Agency, not greenhouse gas emissions.)
LONDON, July 22 European funds managing $2 trillion in assets called on cement companies to slash their greenhouse gas emissions on Monday, warning that a failure to do so could put their business models at risk.
July 16 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
LONDON, July 16 (LPC) - Bank of America Merrill Lynch looks set to take a leading role on a debt financing backing private equity firm Blackstone’s €1.64bn acquisition of Irish building materials supplier CRH’s European distribution arm, banking sources said.
July 16 The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Tuesday:
Irish building materials supplier CRH is selling its underperforming European distribution unit to Blackstone-backed private equity funds for 1.64 billion euros (£1.48 billion), including net debt.
* Transaction value is attractive - JPM analysts (Recasts, adds analysts comments, industry background)
July 16 Britain's FTSE 100 index is seen opening 1 point higher at 7,533 on Tuesday, according to financial bookmakers, with futures down 0.17% ahead of the cash market open.
July 16 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).
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