(Reuters) - Irish building materials company CRH Plc confirmed that it agreed to pay $7.34 billion for assets from cement companies Lafarge SA and Holcim Ltd , the Wall Street Journal reported on Sunday.
CRH will fund the deal with cash, debt and a 9.99 percent equity placing, the Journal reported. A HOLCIM (HOLN.CH)spokesman confirmed that the company received a binding offer from CRH, according to the Journal.
The newspaper reported on Saturday that LAFARGE (LG.PA)and Holcim were nearing a deal to sell at least $7 billion in assets, citing people familiar with the matter.
The Journal noted that the sale of the assets in Europe, Canada and elsewhere was a precondition of winning antitrust approval for the roughly $40 billion pending merger between France's Lafarge and Switzerland's Holcim.
CRH was a finalist in an auction for the assets, competing in recent days with a private-equity consortium including Blackstone Group LP, Cinven and Canada Pension Plan Investment Board, the Journal had reported earlier.
(Reporting by Suzanne Barlyn; Editing by Alison Williams and Stephen Powell)
Relacionados
- Mercados madrileños participan en Gastrofestival con talleres y conciertos
- Alberto Garzón insiste en que hay que expulsar a los portavoces madrileños Gregorio Gordo y Ángel Pérez
- Alberto Garzón insiste en que hay que expulsar a los portavoces madrileños
- Los fisioterapeutas vascos y navarros se unen a la campana '12 meses, 12 consejos de salud' de madrilenos y catalanes
- Cinco ayuntamientos madrileños obtienen la máxima puntuación posible en transparencia
