CRH gets shareholder approval for Ash Grove deal

Building materials company CRH is set to push ahead with its $3.5bn acquisition of US cement manufacturer Ash Grove Cement after receiving shareholder approval for the deal.

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CRH has now received approval from Ash Grove shareholders for the proposed acquisition, which remains subject to regulatory approval and is expected to close in late 2017 or early 2018.

The group said further details will be provided as part of its trading update on 21 November.