Irish financier reported to have stake in Ecocem

Print this page

Ireland: The Times has reported that financier Dermot Desmond is believed to have taken a stake in Ecocem Materials, the fast-growing low-carbon cement maker founded by Irishman Donal O'Riain and backed by French construction materials giant Saint-Gobain. It is understood that IIU, Desmond's private equity company, moved in recent weeks to acquire as much as 11% of the company.

Founded in 2003, Ecocem manufactures cement from granulated blast-furnace slag, a byproduct of steel production. The company had sales of Euro63m in 2015, according to its most recent accounts.

Last modified on 07 June 2017

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

URL: https://globalcement.com/news/item/6181-irish-financier-reported-to-have-stake-in-ecocem

© 2024 Pro Global Media Ltd. All rights reserved.