US private equity giant Blackstone is in advanced talks to buy CRH’s European distribution arm, which the Irish construction supplies giant put up for sale earlier this year. US private equity giant Blackstone is in advanced talks to buy CRH’s European distribution arm, which the Irish construction supplies giant put up for sale earlier this year. The Bloomberg news agency said Blackstone is now in advanced negotiations on a deal. Private equity firms Advent, Lone Star and CVC had all previously been named as potential buyers. In 2017 CRH sold Allied Building Products, its US distribution business, to Beacon Roofing Supply for $2.6bn.

Source: Irish Independent July 15, 2019 17:26 UTC