Thursday 23 February 2017

Raid on cement giants is no small matter for new body

Richard Curran

Richard Curran

Minister for Jobs, Enterprise and Innovation Richard Bruton with Isolde Goggin, chairwoman of the Competition and Consumer Protection Commission, at the new organisation’s launch late last year
Minister for Jobs, Enterprise and Innovation Richard Bruton with Isolde Goggin, chairwoman of the Competition and Consumer Protection Commission, at the new organisation’s launch late last year

The arrival of officials from the Competition and Consumer Protection Commission (CCPC) at the premises of an Irish Cement facility in Co Meath last week comes at a sensitive time for its parent group, CRH.

Valued at €20bn, it is the most valuable Irish company. The eyes of the building materials world are on it as completes a potentially transformative €6bn acquisition.

CRH responded to publicity around the incident by saying it fully facilitated the inspection; it operates to the highest standards and has no issue in relation to competitive practices.

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