CVC Europe, the pan-European private equity house, has agreed a reduced price of €864 ($758m) for the trading division of Amstelland, the Dutch construction company, which it had agreed to buy in March for €908m.

Amstelland reduced the price for the sale of the division, called Cementbouw Handel & Industrie, because of a slow-down in construction output, which has depressed first quarter results and revenue projections.