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CRH to Acquire Remaining Stake of Adbri Valued at $700 Million

By Denny Jacob


Building-materials supplier CRH agreed to acquire Adbri.

The Dublin, Ireland-based company said it will acquire the remaining 57% of Adbri's ordinary shares not owned by Barro, which is part of the agreement with CRH, for 3.20 Australian dollars ($2.10) a share. It said the offer values Adbri at an equity valuation of $1.4 billion on a 100% basis, while the value of the roughly 53% of share capital that CRH and Barro don't have an interest in and which CRH agreed to acquire is $700 million.

The transaction is expected to be completed in 2024.


Write to Denny Jacob at


(END) Dow Jones Newswires

February 26, 2024 17:14 ET (22:14 GMT)

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