CRH interested in buying Lafarge’s assets, including properties in Romania

Irish concrete producer CRH has expressed interest in taking over Lafarge’s assets, after a part of the companies’ properties have been placed on sale in order to allow for their merger, writes Mediafax.

CRH is interested in Lafarge’s properties in Romania: two cement factories in Medgidia and Hoghiz and a grounding station in Targu Jiu.

Four consortia of private equity firms are also eyeing the whole portfolio, with bids valuing the assets at EUR 5 billion to EUR 7 billion expected soon, according to sources quoted by Reuters.

Blackstone, Cinven and Canadian pension fund CPP are set to bid jointly for the assets, while Advent and BC Partners form another consortium, said three sources familiar with the matter.

Two sources said CVC was teaming up with three other limited partners. Bain, Onex and another limited partner form the fourth consortium, the sources said.

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