Blackstone plans $7.1 bn IPO for Building Materials Europe BV

01 Oct 2021 CW Team

Blackstone Inc is planning an Initial Public Offering (IPO) of $7.1 billion for Building Materials Europe (BME) BV.

The private equity company is working with Lazard Limited and plans to pick underwriters for the potential share sale in the following weeks, the people said.

It is regarding listing the business in Amsterdam next financial year, according to the people.

An IPO would mark a comparatively quick exit for Blackstone Inc, which agreed to acquire the company from CRH Plc for 1.64 billion euro in July 2019. The business has increased since then, with Blackstone expanding it through acquisitions and demand strengthening for its major products.

According to its website, BME distributes products for the construction industry. BME also sells heating, bathroom, and plumbing equipment utilised by professional contractors and operates stores catering to home renovators. The firm has over 600 locations across Europe under brands.

No final decisions have been taken, and details of the offering could change, the people said.

BME, headquartered in the Netherlands, stated that normalised earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 9.6% to 285 million euro for 2020, its first full year after the carve-out from CRH.

Building material suppliers like BME could also benefit from the European Union’s Green Deal, a blueprint unveiled in July to reach stricter 2030 climate targets. A major component of those plans is to enhance energy efficiency, which could boost demand for building and housing renovations.

Image Source

Also read: Blackstone Group sells over 5.7 cr units in Embassy Office Parks REIT

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..