# CRH enters binding agreement to acquire Adbri in Australia

CRH, together with Barro Group, entered a binding agreement to acquire Adbri Ltd. CRH will acquire the remaining 57% of Adbri shares not owned by Barro for A$3.20 per share, valuing Adbri at A$2.1 billion (US$1.4 billion). The transaction is expected to complete in 2024.

- Type: Acquisition
- Announced: 2024-02-26
- Where: Australia
- Value: $1.40B (2.10B AUD)
- Status: announced
- Products: cement, concrete, aggregates
- 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) (partner)
- [Adbri](https://endata.com/companies/49906.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20240226020519/en/CRH-enters-binding-agreement-to-acquire-Adbri-in-Australia), 2024-02-26: "Adbri is an attractive business with high-quality assets and leading market positions that complement our core competencies in cement, concrete and aggregates."
- [finnewsnetwork.com.au](https://www.finnewsnetwork.com.au/archives/finance_news_network448544.html), 2024-02-27: "CRH said it has entered into a binding agreement to acquire the remaining 57% of Adbri's ordinary shares not owned by the Barro Group for $3.20 per share in cash."

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