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. The Offer values Adbri at an equity valuation of A$2.1 billion (US$1.4 billion) on a 100% basis and values the approximately 53% of issued share capital that the Partners do not currently have an interest in and which CRH has agreed to acquire at A$1.1 billion (US$0.7 billion). Having previously secured Foreign Investment Review Board (FIRB) approval, all conditions to the transaction have now been satisfied and based on the current timetable for implementation, completion is expected to occur on July 1, 2024.
CRH And Barro Group's A$2.1B Acquisition Of Adbri Receives Court And Shareholder Approval
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Fri. 14 Jun 2024, 3:31am ET
Benzinga
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