Ireland's CRH to exit stake in SigmaRoc, says bookrunner (updated)

CRH

05/02/2025 17:39

(Adds background throughout)
       Feb 5 (Reuters) - Dublin-based building materials
supplier CRH's  CRH.L  UK unit intends to sell about 171.6
million ordinary shares in SigmaRoc  SRC.L , exiting its entire
15.4% stake in the British quarrying company, a bookrunner said
on Wednesday.
    In 2023, CRH sold its European lime operations, including
sites in Ireland, the United Kingdom, Germany, the Czech
Republic and Poland, to SigmaRoc for $1.1 billion.
    Following CRH's stake exit, Fidelity Management & Research
Company LLC with 58.3 million ordinary shares would become the
largest shareholder in SigmaRoc, as per data from LSEG.


($1 = 0.9604 euros)

 (Reporting by Anandita Mehrotra and Prerna Bedi in Bengaluru;
Editing by Vijay Kishore)
 ((Anandita.Mehrotra@thomsonreuters.com;))