# 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.

- Type: Acquisition
- Announced: 2024-05-31
- Where: Adelaide, South Australia, Australia
- Value: $1.40B (2.10B AUD)
- Status: announced
- Products: cement, 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)
- [Adbri](https://endata.com/companies/49906.md) (target)

## Sources

- [indailysa.com.au](https://www.indailysa.com.au/news/archive/2024/05/31/adbri-takeover-passes-major-regulatory-hurdle), 2024-05-30: "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."
- [businesswire.com](https://www.businesswire.com/news/home/20240613209343/en/Scheme-of-Arrangement-Approval-for-Proposed-Adbri-Acquisition), 2024-06-14: "We are pleased to receive Independent Adbri Shareholder and Court approval for the proposed acquisition of Adbri in partnership with the Barro family."
- [royalwhitecement.com](https://www.royalwhitecement.com/06/crh-acquires-adbri-in-us1-4bn-deal/), 2024-06-15: "A combined CRH and Adbri will bring growth opportunities, new talent and innovation to continue to strengthen Adbri’s product offering in Australia."
- [aggbusiness.com](https://www.aggbusiness.com/crh-and-barro-group-complete-adbri-acquisition/), 2024-07-01: "We are pleased to reach this important milestone in the potential acquisition of Adbri in partnership with the Barro family."

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