CRH to Move Primary Listing to U.S. Market Next Week
19 Setembro 2023 - 5:03PM
Dow Jones News
By Sabela Ojea
CRH is moving its primary listing to the U.S. and will delist
its shares from the Euronext Dublin stock exchange on Sept. 25.
The Irish building-materials supplier, which received
shareholders' approval to transition to a U.S. primary listing in
June, will keep a standard listing on the London Stock
Exchange.
CRH first listed its stock on the Euronext Dublin in 1973,
followed by a London listing in 2005.
The majority of CRH's business is in North America, which
represents about 75% of the company's earnings before interest,
taxed, depreciation and amortization.
"The U.S. is expected to be a key driver of future growth for
CRH due to continued economic expansion, a growing population and
significant construction needs," CRH said in June.
CRH most recently reported a pretax profit for the first half of
the year of $1.51 billion from $1.20 billion a year ago. Revenue
rose 7.6%, to $16.14 billion.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
September 19, 2023 15:48 ET (19:48 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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