Adelaide Brighton considering buying cement business of Barro Group

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Australia: Adelaide Brighton is reportedly considering buying the cement business of Barro Group for around US$387m. Barro Group is a major stockholder in Adelaide Brighton that recently increased its stake to 40%, according to the Australian newspaper. The increase in its stake has generated speculation about the relationship between the two companies.

Barro Group operates Independent Cement and Lime (ICL), a joint venture with Adelaide Brighton and Barro. ICL is a specialist supplier of cement and cement blended products throughout Victoria and New South Whales and is also the exclusive distributor of cement for Adelaide Brighton.

Last modified on 07 March 2018

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