CRH and Barro Group's takeover of Adbri passes FIRB hurdle

The Foreign Investment Review Board (FIRB) confirmed no objection to the $2.1 billion takeover of Adbri by a consortium of CRH's Australian subsidiary and Barro Group. The deal still requires Adbri shareholder approval at a meeting on June 12, 2024.

“The Foreign Investment Review Board (FIRB) has confirmed it has no objection to a takeover of South Australian cement giant Adbri by a consortium of major building materials businesses.”indailysa.com.au

• 4 sources
• indailysa.com.auAdbri takeover passes major regulatory hurdle - News | InDaily, Inside South AustraliaMay 30, 2024
• businesswire.comScheme of Arrangement Approval for Proposed Adbri AcquisitionAlbert Manifold, Chief ExecutiveJun 14, 2024
• royalwhitecement.comCRH acquires Adbri in US$1.4bn deal – Royal White CementJun 15, 2024
• aggbusiness.comCRH and Barro Group complete Adbri acquisition - Aggregates BusinessGuy WoodfordJul 1, 2024

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