Cevian Capital announces stake in CRH

Europe's largest activist investor, Cevian Capital, has announced that it has built up a stake in CRH to become its second-biggest individual investor.

"The group has many strong positions in attractive markets and we are convinced that CRH's assets could become significantly more valuable," Christer Gardell, managing partner of Cevian, disclosed to Reuters.

The exact size of Cevian’s holding is unknown, however a stake of almost three per cent, worth around EUR600m, would be necessary to become the second-biggest individual investor, according to CRH ownership data and disclosure notices.