Press Release
| July 24, 2008
Dewey & LeBoeuf Advises the CRH Group on its Acquisition of a Minority Shareholding in the Trialis Group
(Paris, July 24, 2008) - CRH France Distribution, a French subsidiary of CRH plc, a company listed on the Irish Stock Exchange, the London Stock Exchange and the New York Stock Exchange, has acquired a minority shareholding in Trialis, the French building materials manufacturing and distribution group.
CRH plc is the parent company of an international group of companies involved in the manufacture and distribution of a wide range of building materials. The CRH Group realised a turnover of approximately EUR 21 billion in 2007.
The Toulouse-based Trialis Group has a strong presence in the Southwest of France, as well as the Southeast and Alsace regions. In 2007, the Trialis Group achieved a turnover of EUR 711 million and a trading profit of EUR 37.8 million.
The agreement between CRH, the Chausson family (majority shareholders of the Trialis Group) and the minority financial investors in Trialis was completed on 17 July and involved the sale of the entire shareholdings of the financial investors to CRH France Distribution and the subscription by CRH France Distribution for new shares in the holding company of the Trialis Group.
As a result of these transactions, CRH France Distribution now owns a 34.81 per cent shareholding in the parent company of the Trialis Group.
CRH was advised on this transaction by the Paris office of Dewey & LeBoeuf (Stephen Walters, partner, Pierre François and Louis Néret, together with Matthieu Adam for the competition law aspects). The Chausson family was advised by Rothschild et Cie (Laurent Baril, Ludovic Tron) and by Toulouse law firm Bruno et Associés (Jean-Manuel Bruno, Stéphanie Cramarégeas) and the Paris office of Cleary Gottlieb (François Brunet).
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