Irish building materials group CRH has been notified by cement-maker Semapa of its intention to acquire CRH's shares in their joint venture, Secil.
In 2004 CRH bought the stake for €429m euro, but Semapa has exercised its option to purchase the stake back for €574m.
At a tribunal held in Paris last year, CRH was ordered to sell its stake in the JV.
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In 2011, Secil generated earnings before interest, tax, depreciation and amortisation of €102m on sales of €507m. Net debt at 31 December 2011 amounted to €142 million.
CRH shares rose 2.27% to 1,2600p by 12:11.
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