NewsBite

Weak dollar plays a part in $2.1b buyout of Adbri by Irish giant CRH

Simon Evans
Simon EvansSenior reporter

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Irish giant CRH will take control of cement maker Adbri after shareholders gave the green light on Wednesday to a $2.1 billion takeover bid that will result in the company disappearing from the ASX after 62 years.

Almost 97 per cent of proxy votes were cast in favour of the CRH buyout of the 57 per cent of Adbri shares not controlled by Victoria’s Barro family, which holds 43 per cent of Adbri and has backed the takeover.

Loading...
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Manufacturing

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/manufacturing/weak-dollar-plays-a-part-in-2-1b-buyout-of-adbri-by-irish-giant-crh-20240611-p5jkxk