CRH Group expands in the Ukrainian cement sector

Dyckerhoff YuGCement

Ukrainian’s Antimonopoly Committee (AMCU) has approved CRH Ukraine’s acquisition of over 50% of the voting shares in Dyckerhoff Ukraine. However, AMCU outlined prerequisites for the acquisition, which involve the divestment of 25-28% of the shares to an independent investor, alongside a veto power. The assets in question encompass the Volyn-Cement and YUG Cement (photo) facilities as well as two terminals for the distribution of cement and ready-mix concrete operations in Kyiv, Odessa and Mykolaiv (we reported here 23.12.2023). CRH’s entered the Ukrainian market with the acquisition of PJSC Podilsky Cement in 1999 and expanded its market presence with Odessa Cement and Mykolaiv Cement. Now, CRH is in the ‘pole position’ of Ukrainian’s cement sector.