December 20, 2023

CRH and EBRD in discussions to invest jointly in Ukraine

Cemark CRH and EBRD in discussions to invest jointly in Ukraine

CRH and EBRD are engaged in discussions to collaborate on the acquisition of Buzzi's assets in Ukraine. 

This collaboration underscores the importance for both organisations to invest in Ukraine today, preparing the industry to provide sustainable & affordable products essential for the country's reconstruction and integration with Europe. 

Investing in the production of basic construction materials is critical for rebuilding Ukraine and ensuring supply of material needed for it’s recovery. Immediate action is needed, particularly in the high-tech and capital-intensive cement sector, to prevent shortages in the near future. Furthermore, Corporate investments are important for the recovery of the Ukrainian economy. 

EBRD and CRH believe in Ukraine and hope this investment will encourage other investors. CRH and EBRD signed a mandate letter in relation to the engagement. 

CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is the leading provider of building materials solutions that build, connect and improve our world. Employing c.75,800 people at c.3,160 operating locations in 29 countries, CRH has market leadership positions in both North America and in Europe. As the essential partner for road and critical utility infrastructure, commercial building projects and outdoor living solutions, CRH’s unique offering of materials, products and value-added services helps to deliver a more resilient and sustainable built environment. A Fortune 500 company, CRH is a constituent member of the FTSE 100 Index, the EURO STOXX 50 Index, the ISEQ 20 and the Dow Jones Sustainability Index (DJSI) Europe. The company is ranked among sector leaders by Environmental, Social and Governance (ESG) rating agencies. CRH’s American Depositary Shares are listed on the NYSE.

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The EBRD was created in April 1991 to "foster the transition towards open market-oriented economies and to promote private and entrepreneurial initiative". Since then, the institution has invested over €190 billion in more than 6,800 projects across three continents. The EBRD is a climate finance leader and actively supports Ukraine and other countries affected by the war there.

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