CRH seeks to buy out Australian concrete maker Adbri in €1.3bn deal

Irish construction giant has operated in Australia for 15 years

Irish-based CRH ended trading of its shares on the Irish stock exchange at the end of September and opted to migrate its main stock listing to New York, while maintaining its secondary listing in London.

Building materials giant CRH is seeking to help to buy out Australian concrete maker Adbri after linking with the Barro Group, in a A$2.1bn (€1.3bn) deal that will help boost its presence in a country which has until now been one of the smaller contributors to its global operations.

CRH already owns a small stake in Adbri and now plans to end up owning a total of 57% of the shares by linking with Barro, a manufacturing company that has a 43% stake in the stock market-listed Adbri.