Dublin-based CRH Plc, parent company of Oldcastle Building Envelope® (OBE) is planning a sale of the unit that could be valued at more than $3 billion, according to a report from Bloomberg. The report notes that CRH is working with advisers and “recently started reaching out to potential buyers, said the people, who asked not to be identified discussing confidential information.”

According to the report, “Oldcastle Building Envelope generates around $300 million in annual earnings before interest, taxes, depreciation, and amortization, the people said.”

This story is developing. At press time, officials had not responded to USGNN™’s request for comment.