CRH and its Turkish partner Eren Holdings have applied to Turkey's competition regulator to sell their joint venture, Denizli Cimento, to army pension fund OYAK Group, according to a statement on the watchdog's website.
Irish building materials major CRH and Istanbul-based Eren each hold a 50 per cent stake in Denizli. No price was given for the disposal.
CRH has embarked on a disposal plan under new chief executive Albert Manifold and plans to sell at least 10 per cent of its net assets, or between EUR1.5bn and EUR2bn worth.
