CRH plc (CRH) to Acquire Adbri
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CRH enters binding agreement to acquire Adbri in Australia
February 26, 2024 4:36 PM ESTDUBLIN--(BUSINESS WIRE)-- On December 17, 2023, CRH plc, the leading provider of building materials solutions, together with the Barro Group (Barro and together with CRH the Partners), entered into an agreement with Adbri Ltd (Adbri) in relation to a potential transaction to acquire Adbri (the Offer) by way of a Scheme of Arrangement (Scheme).
Following due diligence over the past two months, we are pleased to announce CRH and Adbri have entered into a binding agreement under which CRH will acquire the remaining 57% of the ordinary shares of Adbri not owned by Barro for the previously agreed cash consideration of A$3.20 per share.... More
