CRH Completes Second Phase Of $1.1B European Lime Divestment
Portfolio Pulse from Benzinga Newsdesk
CRH has successfully completed the second phase of its European Lime divestment, a deal valued at $1.1 billion. This move is part of CRH's strategic repositioning within the European market.
March 27, 2024 | 7:35 am
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CRH completes the second phase of its $1.1 billion European Lime divestment, indicating a strategic shift and potential for reinvestment in core areas.
The completion of a significant divestment like this not only provides CRH with substantial capital but also allows the company to streamline its operations and focus on more profitable or strategic areas. This could lead to positive investor sentiment and potential growth opportunities, thus likely to have a positive impact on CRH's stock price in the short term.
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