CRH/Lafarge deal closes with Philippines acquisition

Irish building materials group CRH said it has completed the final portion of its €6.5bn deal to buy assets from Lafarge SA and Holcim with the addition of operations in the Philippines.

CRH had agreed in February to acquire assets in Europe, Canada, Brazil and the Philippines from Lafarge and Holcim, creating the the world’s third largest building materials group by market value.