By Anthony O. Goriainoff
CRH said it is selling its shares in U.K. building-material company SigmaRoc for around 115 million pounds, the equivalent of $143.8 million.
The Irish building-materials supplier said Thursday that, subject to completion, it would sell 171.6 million ordinary shares at 67 pence a share for a total of about 115 million pounds.
On Wednesday, the company said it would sell up to 172 million shares via a bookbuild, and that this represented around 15.4% of Sigmaroc's issued share capital.
The company said that following completion it will have exited its interest in SigmaRoc in full.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
February 06, 2025 02:38 ET (07:38 GMT)
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