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New Deal


Announced

CRH and Barro to acquire the remaining 53% stake in Adbri for $700m.

Financials

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Transaction Value£552m
Consideration TypeCash
Capital Owned47%
Capital Bid For53%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Australia

cement manufacturing company

Cement

Acquisition

Cross Border

Pending

Single Bidder

Majority

Friendly

Public

Synopsis

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CRH, an international group of diversified building materials businesses, and Barro, a ready mix concrete supplier, agreed to acquire the remaining 53% stake in Adbri, a manufacturer of cement, lime and dry blended products, for $700m. “We are pleased to reach this important milestone in the potential acquisition of Adbri in partnership with the Barro family. Adbri is an attractive business with high-quality assets and leading market positions that complement our core competencies in cement, concrete and aggregates while creating additional opportunities for growth and development for our existing Australian business. We look forward to working with the Barro family over the coming years to enhance the long-term growth and performance of Adbri,” Albert Manifold, CRH CEO.

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