![]() ![]() In 2020, the Business generated IFRS EBITDA of $337 million, profit before tax of $210 million and gross assets at 30 June 2021 amounted to $2.5 billion. It is a vertically-integrated manufacturer, fabricator and distributor of architectural hardware, glass and glazing systems to customers primarily in North America. ![]() The decision to divest at an attractive valuation followed a comprehensive review of the business and demonstrates its active approach to portfolio management, efficient capital. CRH to book 3. or OBE comprises CRH's entire Building Envelope business. On Feb.28, 2022, CRH announced that it had agreed to divest its Building Envelope business to KPS Capital Partners, LP, for an enterprise value of 3.80 billion. The proceeds from the divestment will be incorporated into CRH's capital allocation resources.ĭallas, Texas -based Oldcastle Building Envelope Inc. Completion of the transaction is expected in mid-2022, subject to customary conditions and regulatory approvals. CRH plc, the international building materials group, has reached an agreement to purchase C.R. The consideration, payable on closing, includes cash of $3.45 billion together with a transfer of lease liabilities of $0.35 billion. (RTTNews) - Shares of CRH Plc (CRH, CRH.L) were losing around 3 percent in the morning trading in London after the building materials group said it has entered into a binding agreement to divest its Building Envelope business to KPS Capital Partners, LP for an enterprise value of $3.8 billion. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |