Raymond Barro, the figurehead of the Barro cement group which holds 43 per cent of Adelaide Brighton, says there's merit in a merger.
Adelaide Brighton received a first strike on its remuneration report for the first time in its history at its agm on Friday.
New CEO of Adelaide Brighton, Nick Miller, says it's too hard to predict how long a residential housing downturn might last.
Raymond Barro, whose private Victorian cement company Barro Group holds a 43 per cent stake in ASX-listed Adelaide Brighton Ltd, says there is ''merit'' in a merger between the two entities to create a cement giant and refuses to rule out buying more shares.
Adelaide Brighton is already the biggest supplier of cement and concrete in Australia.
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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
