Ukraine: The Antimonopoly Committee of Ukraine (AMCU) has stipulated that CRH must transfer 25-28% of shares in Dyckerhoff Cement Ukraine to an independent investor as a condition for its purchase of two Buzzi cement plants. In June 2023, CRH agreed to acquire parts of Buzzi's business in Eastern Europe, including the Ukrainian assets Volyn-Cement and YUGcement. The European Bank for Reconstruction and Development is expected to be the investor receiving the shares, following a mandate letter signed with CRH in December 2023. Additionally, CRH will be required to report regularly to the AMCU on production and pricing for the next five years and is expected to invest in the modernisation and expansion of the acquired plants while retaining jobs and improving working conditions.
Ukraine mandates share transfer in CRH acquisition of cement plants
Written by Global Cement staff
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