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News Adelaide Brighton dampens speculation on Barro Group purchase

Adelaide Brighton dampens speculation on Barro Group purchase

Written by Global Cement staff 09 April 2018
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Australia: Adelaide Brighton has publicly dismissed media speculation about its alleged plans to purchase Barro Group. The building materials producer said that whilst it had proposed transaction plans to Barro at ‘various times’ no agreement has been reached on any such deal.
Analysts at the investment bank Citi said that Adelaide Brighton’s management were keen to buy the US$384m cement business owned by its major shareholder, the Barro Group, according to the Australian newspaper. However, the analysts said they believed the complex shareholding structure could pose problems.

Last modified on 11 April 2018
Published in Global Cement News
Tagged under
  • Australia
  • Adelaide Brighton
  • Barro
  • Acquisition
  • Shares
  • GCW348
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