CRH’s purchase of €6.5 billion in building materials assets from Lafarge and Holcim moved a step closer after the two vendors, who are merging, accepted the Irish company’s offer. According to CRH, the development means Lafarge and Holcim have become “legally bound” to the deal terms.

“The acquisition remains conditional upon successful completion of the merger of Lafarge and Holcim as well as the completion of local asset reorganisations,” CRH said.