Scheme of Arrangement Approval for Proposed Adbri Acquisition
CRH plc (NYSE: CRH), the leading provider of building materials solutions, is pleased to announce that Adbri’s Independent Shareholders approved the Scheme of Arrangement (the “Scheme”) under which CRH and the Barro Group (“Barro” and together with CRH the “Partners”) will acquire Adbri Ltd. (“Adbri”) at the Scheme Meeting held on June 12, 2024.
- CRH plc (NYSE: CRH), the leading provider of building materials solutions, is pleased to announce that Adbri’s Independent Shareholders approved the Scheme of Arrangement (the “Scheme”) under which CRH and the Barro Group (“Barro” and together with CRH the “Partners”) will acquire Adbri Ltd. (“Adbri”) at the Scheme Meeting held on June 12, 2024.
- The Scheme subsequently received Court approval on June 14, 2024.
- Under the approved Scheme, CRH will acquire the remaining 57% of the ordinary shares of Adbri not owned by Barro for the previously agreed cash consideration of A$3.20 per share.
- Albert Manifold, Chief Executive of CRH, said: “We are pleased to receive Independent Adbri Shareholder and Court approval for the proposed acquisition of Adbri in partnership with the Barro family.