Irish firm buys 50% in My Home

Value of deal
($/tonne)

CRHMy Home Industries235 HolcimAmbuja Cements200 CimporShree Digvijay Cements162 HeidelbergMysore Cement117 GrasimL&T Cement80 ItalicementiShri Vishnu Cement80 India CementsRasi Cement68 AmbujaModi Cement44
Industry analysts said the sale price is higher compared to the prevailing market valuation of $150 a tonne for a cement plant in India. Holcim, the world's largest cement maker, paid $200 a tonne for buying Ambuja Cements in 2005, while Cimpor paid $162 a tonne for Shree Digvijay Cement in 2007.  Samba Shiva, director finance and commercial, MHIL, confirmed the sale, but declined to give further details.  CRH's business covers the value chain from primary materials including cement, ready mixed concrete, aggregates, lime and asphalt, through manufactured products to distribution. The company had a turnover of