CRH may baulk at the price tag, however, with the Belarusian Deputy Prime Minister, Anatoly Kalinin, reportedly saying that CRH was “unwilling to buy the entire enterprise, although we offer 100% of the shares.”
“We would like something close to [US$200 million] but the investor wants to pay less than that,” Kalinin added, according to Belarusian news agency, BelTA. “Negotiations are in progress. They are rather consistent. Our views are getting closer.”
The sale of Krasnoselskstroymaterialy, the largest cement company in Belarus, is part of a move to privatise a variety of state-owned assets. In addition to supplying the local market, the company also exports to neighbouring countries.
