CRH’s Eu1.24bn rights issue adds to cement sector cash calls
The Eu1.24bn rights issue of Irish cement firm CRH will take the total of equity raised by the building materials sector to over Eu4bn, following the twin Eu1.5bn cash calls by French peers Saint-Gobain and Lafarge announced last week. BNP Paribas is again showing its new appetite for ECM business sharing the underwriting on not just the French deals but also the CRH. But how will investors digest the glut of issuance from the sector? Read EuroWeek on Friday to find out.
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