CRH signs letter of intent to buy China’s Jilin Cement, China

CRH signs letter of intent to buy China’s Jilin Cement, China
Published: 17 October 2006

CRH PLC said it signed a letter of intent to acquire a 26 per cent stake in Yatai Cement, the cement business division of China’s Jilin Yatai Group, subject to Chinese government approval. 
 
CRH said the deal provides for an option to acquire further stake up to a maximum of 49 per cent in Yatai Cement after three years. 
 
CRH said Yatai Cement runs four integrated cement plants and a grinding station with a total cement capacity of about 9Mta in Jilin and Heilongjiang provinces of northeast China.