Cement News tagged under: Cevian Capital
Cevian builds CRH stake30 March 2020, Published under Cement NewsSwedish activist fund Cevian has bought further shares in CRH in less than a fortnight. The fund now holds a 3.145 per cent stake in the Ireland-based building materials producer. Cevian first purchased shares in CRH in February, calling for a simplification of the business, but has since appeared more supportive of the management. "When this [coronavirus outbreak] passes, CRH's fundamentals will still be strong, and the business well positioned to benefit from increased public construct... |
Cevian Capital increases stake in CRH20 March 2020, Published under Cement NewsCevian Capital, Europe’s largest activist investor, has increased its stake in CRH to above three per cent for the first time. "As a long-term investor, we are pleased to be able to increase our ownership and commitment to CRH at a share price that is well below our view of the value of the group's assets," said Cevian Capital partner, Gustav Lundgren. "We remain convinced of CRH's potential and support the company's efforts to unlock value and enhance long-term competitiveness," he ad... |
Cevian Capital announces stake in CRH06 February 2019, Published under Cement NewsEurope's largest activist investor, Cevian Capital, has announced that it has built up a stake in CRH to become its second-biggest individual investor. "The group has many strong positions in attractive markets and we are convinced that CRH's assets could become significantly more valuable," Christer Gardell, managing partner of Cevian, disclosed to Reuters. The exact size of Cevian’s holding is unknown, however a stake of almost three per cent, worth around EUR600m, would be necessary t... |
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