# 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.

- Type: Acquisition
- Announced: 2023-12-18
- Where: Australia
- Value: $750.0M
- Status: rumored
- Products: building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [CRH](https://endata.com/companies/15142.md) (acquirer)
- [Barro Group](https://endata.com/companies/44862.md) (acquirer)
- [Barro Group](https://endata.com/companies/44862.md) (partner)
- [Adbri](https://endata.com/companies/49906.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/849395/000165495423015651/a1077x.htm), 2023-12-18: "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."
- [globalcement.com](https://www.globalcement.com/news/140-analysis/17385-crh-looks-south), 2023-12-20: "The two companies have teamed up to buy all the ordinary shares in the building materials company that they do not already own for about US$750m."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.