Companies

CRH plans to abandon Dublin stock exchange in major blow to Euronext

The decision follows the firm’s announcement last month of plans to move its primary listing to New York from London

Albert Manifold, CRH’s chief executive. Picture: Maura Hickey

Dublin-based building materials maker CRH plans to abandon the Irish stock exchange as it seeks a primary listing in the US.

The move will be a significant blow for exchange operator Euronext Dublin, as CRH is currently the largest Irish-listed company.

“We have received clear and consistent advice from our advisers that to be successful in achieving US equity index inclusion, CRH will need to de-list from Euronext Dublin,” Chief Financial Officer Jim Mintern said ...