January 8, 2020 / 7:35 AM / 19 days ago

Breedon Group to buy UK assets of CEMEX for 178 mln pounds

Jan 8 (Reuters) - British construction materials firm Breedon Group Plc said it would buy certain UK assets and operations from Mexico’s CEMEX SAB de CV for 178 million pounds ($233.79 million), strengthening its position in Britain and Ireland.

Breedon said on Wednesday it expects the acquisition to be accretive to underlying earnings per share in the first full year following completion.

$1 = 0.7614 pounds Reporting by Shanima A in Bengaluru; Editing by Rashmi Aich

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