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Nov 14 2019, 07:00 GMT
Media speculation suggests that CRH is considering a sale of its Philippines cement business. That in itself is no great surprise given the group’s continued portfolio review and disposal programme and given its reluctance to step up investment in emerging cement markets. A clean disposal would likely be welcomed by the market even if the price quoted appears high. Either way, a disposal would further improve the group’s debt metrics providing more firepower for investment or to return to shareholders.
Nov 14 2019, 07:00 GMT