Chausson's capital restructure
First publishedon www.AggBusiness.com
Family-owned building products company Chausson has regained control of the business and now has an 88.2% share in the business after CRH pulled out of the business. Ireland-based CRH acquired a 35% stake in the French company in 2008 with an option to either increase or divest its interest.
According to Chausson, the restructure means that it now has more freedom to direct the business. The remaining shares in the business are held by three investment funds (11.2%) and employees (0.6%).