Trades in CRH plc, a provider of building materials solutions, have started trading on the New York Stock Exchange.
North America represents approximately 75% of Group EBITDA. Albert Manifold, Chief Executive of CRH, said: “Today marks an important milestone in CRH’s development which will enable us to fully participate in the significant growth opportunities that lie ahead for our business”.
The company delisted from the Irish Stock Exchange after over 80 years of trading in Dublin.
The Group will retain a standard listing on the London Stock Exchange.
The company has said it believes a US primary listing will bring increased commercial, operational and acquisition opportunities for their business, further accelerating their successful integrated solutions strategy and delivering even higher levels of profitability, returns and cash for their shareholders.
North America represents approximately 75% of Group EBITDA and the US is expected to be a key driver of future growth for CRH due to continued economic expansion, a growing population and significant construction needs.
As the leading building materials solutions business in North America, CRH is uniquely positioned to capitalise on the strong growth opportunities in the US construction market, underpinned by long-term structural tailwinds from federal, state and municipal funding support.
Albert Manifold, Chief Executive of CRH, said:
“Today marks an important milestone in CRH’s development which will enable us to fully participate in the significant growth opportunities that lie ahead for our business”.
To mark the transition of CRH’s primary listing to the NYSE, the Group will host an investor presentation in New York later today. A live webcast of the event will commence at 12.30pm US Eastern Time and registration details are available on crh.com.
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