CRH seeks to buy Australian firm Adbri in €1.3bn deal

Under the proposal, CRH would partner with Australian firm Barro, which currently owns 43 per cent of Adbri

CRH left the ISEQ for the New York Stock Exchange in September. Picture: NYSE

CRH, the Irish-headquartered building materials giant, together with the Barro Group, has made an offer to buy Adbri Ltd.

Adbri, formerly known as Adelaide Brighton, is a leading building materials business in Australia, listed on the Australian Securities Exchange (ASX), according to a statement from CRH.

The partners have submitted a non-binding offer to acquire 100 per cent of the ordinary shares of the company for a cash price of AUD $3.20 per share.

The ...