Scancem's sale of Lohja Rudus and Finnsementti now finalized

Scancem's sale of Lohja Rudus and Finnsementti now finalized The Irish building materials group CRH on Wednesday finalized the acquisition from Scancem of the Finnish companies Finnsementti and Lohja Rudus, following the receipt of the necessary regulatory approvals. The sales price is SEK 3,550 million and Scancem's capital gain will be approximately SEK 1,7 billion before tax. Finnsementti is Finland's sole cement producer. Lohja Rudus manufactures and markets mainly ready-mixed concrete and aggregates and is active - apart from in Finland - also in Estonia, Latvia, Poland and the S:t Petersburg area in Russia. CRH plc manufactures and supplies a broad range of building materials. The turnover for 1998 amounted to approximately SEK 47 billion and the number of employees is about 30,000. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/07/21/19990721BIT00170/bit0001.doc http://www.bit.se/bitonline/1999/07/21/19990721BIT00170/bit0002.pdf

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