France: CRH has sold its stake in a French joint venture company called Doras to its partner, Samse, for just under Euro37m. Doras operates specialist and general builders merchants and is particularly prominent in the Burgundy and Franche Comté regions in eastern France. CRH has now sold its 45% stake in the company to the Samse Group, which already holds a 55% share in the firm, for Euro36.6m. The move was recently given the green light by the Competition Authority.
CRH sells 45% stake in Doras for Euro37m
Acquisition
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