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Evening Standard
Evening Standard
Business
Jonathan Prynn

Irish building materials giant CRH takes control of Australia's Adbri in £1.1bn deal

Adbri CRH Australia

Irish building materials giant CRH is set to take control of Australian concrete maker Adbri in a deal that values the Sydney listed company at Euros1.3 billion (£1.1 billion)

CRH has teamed up with a local family owned business Barro, which already controls 43% of Adbri. CRH, which already has a 4.6% interest in Adbri through derivatives, will end up with a 57% holding under the takeover plan.

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