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CRH PLC — Regulatory Filings 2013
Aug 13, 2013
1980_ffr_2013-08-13_1f51f782-2651-41b7-8421-015b33575fd7.zip
Regulatory Filings
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A - 16 OR 15D - 16 OF
THE SECURITIES EXCHANGE ACT OF 1934
12 August 2013
Commission File No. 001-32846
CRH public limited company
(Translation of registrant's name into English)
Belgard Castle, Clondalkin,
Dublin 22, Ireland.
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F
X
Form 40-F___
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):__
CRH plc ("the Company")
Voting Rights and Capital
N E W S R E L E A S E
12 th August 2013
CRH REACHES AGREEMENT TO ACQUIRE CEMENT BUSINESS IN INDIA
CRH plc, the international building materials group, announced today that its 50:50 Joint Venture in India, My Home Industries Limited ("MHIL") has reached an agreement to acquire 100% of the shares of Sree Jayajothi Cements Limited ("SJCL"), a 3.2 million tonnes p.a. cement company based in South India for an Enterprise Value of INR14,000 million (€175 million). The investment will be financed from MHIL's existing debt capacity and by equity inputs from the joint shareholders (€ 70 million). CRH's equity interest will amount to approximately €35 million.
With the addition of SJCL, MHIL becomes the market leader in the Andhra Pradesh region of South India and benefits from complementary market coverage.
CRH in India: CRH entered the Indian market in 2008 with the acquisition of a 50% stake in MHIL, a cement business located in Andhra Pradesh in South India. MHIL has an annual cement capacity of 4.8 Mtpa from two plants and is the lowest cost producer and a leading player in its market.
Contact CRH at Dublin 404 1000 (+353 1 404 1000)
| Myles Lee | Chief Executive |
|---|---|
| Maeve Carton Frank Heisterkamp | Finance Director Head of Investor Relations |
CRH plc, Belgard Castle, Clondalkin, Dublin 22, Ireland TELEPHONE +353 1 404 1000 FAX +353 1 404 1007
E-MAIL: [email protected] WEBSITE: www.crh.com Registered Office, 42 Fitzwilliam Square, Dublin 2, Ireland
CRH public limited company
(Registrant )
Date: 12 August 2013
By:/s/Maeve Carton
M. Carton
Finance Director