CRH is planning a takeover bid for building materials supplier Getaz Romang that values the Swiss company at 540 million francs (€336 million).
Getaz Romang's board of directors backs the transaction, which values the shares at a 22.5 per cent premium to the average closing price of the last 30 days.
CRH plans to launch its bid in the next few weeks, probably from March 15th.
If the transaction is finalised, the Miauton family - the main shareholder in Getaz Romang - will sell its 23.55 per cent stake to CRH on the same terms and conditions as the takeover bid.
By pooling the activities of Getaz Romang with Richner and Baubedarf, already controlled by CRH, the Irish company will create a leading player in the sector in Switzerland with a turnover of 1.5 billion francs.