DAVY VIEW

Breedon has agreed to divest certain assets to address the Competition and Markets Authority’s (CMA) concerns around its Cemex UK acquisition. The disposal is in line with previous undertakings so should proceed by year-end. That will allow Breedon to fully integrate the Cemex UK businesses and start to deliver planned synergies. The group will update on trading on November 18th, with peer commentary pointing to continued normalisation in end-markets, led by new housing. While new restrictions are in place in Ireland and the UK, construction activity has not stopped and Breedon remains fully operational.