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Wed May 29 2024

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CRH fails to secure stake in Indian business

10 Oct 12 CRH's negotiations to buy a stake in an Indian cement business have been terminated as the parties could not agree terms.

On 7 August, CRH announced that it had entered into negotiations with Jaypee Cement Corporation regarding the possible purchase by CRH of an equity stake in Jaypee’s Gujarat cement business.

CRH said that it acknowledges the co-operation of the Jaypee management team throughout the negotiations and due diligence process.

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