Weak dollar plays a part in $2.1b buyout of Adbri by Irish giant CRH
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.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Manufacturing
Fetching latest articles