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| CRH negotiates for Cemex assets in the United States and Europe CRH plc, the Dublin-based building materials manufacturer, announces that it is in negotiations with Cemex S.A.B. de C.V. that may lead to the acquisition of certain Cemex assets located in the United States and in Europe. The assets under negotiation include those operations in Florida and Arizona that the U.S. Department of Justice has required Cemex to divest as a result of the acquisition of Rinker. In Europe the assets under negotiation include the San Feliu cement plant in Catalonia in Spain and Cemex's readymixed concrete and aggregates assets in Austria and Hungary. Depending on the scale of businesses included in any potential deal, and the outcome of due diligence, a transaction size in the range of US$3.5 billion and US$4.5 billion (euro 2.5 billion to euro 3.2 billion) is possible. write your comments about the article :: © 2007 Construction News :: home page |