CRH and Barro Group propose to acquire Adbri Ltd

CRH plc and the Barro Group have submitted a non-binding offer to acquire 100% of Adbri Ltd, a leading Australian building materials company, for A$3.20 per share. CRH would acquire the approximately 57% of shares not owned by Barro, with the intention to delist Adbri from the ASX.

“The Partners have submitted a non-binding offer to acquire 100% of the ordinary shares of the Company for a cash price of A$3.20 per share.”sec.gov

• 2 sources
• sec.govCRH PUBLIC LTD CO Form 6-K filed December 18, 2023Dec 18, 2023
• globalcement.comCRH looks south - Analysis of Cement Sector News from Global CementDavid Perilli, Global CementDec 20, 2023

Summarized from public sources; check the original articles before acting on it.