Bauking acquired almost in its entirety by CRH

CRH, an Irish building materials group, is acquiring a further 50 per cent of the German builders’ merchant and DIY retail group Bauking for a total consideration of € 126 mio. It will hold 98 per cent of Bauking’s assets when the transaction is completed by the end of the year. Bauking, which is a member of the Hagebau voluntary group, achieved sales of € 747 mio in 2009 with its total of 128 stores. CRH acquired an initial 48 per cent share in Bauking in December 2005.