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CRH shares rise on last day on Irish stock market as Wall Street beckons

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Building materials giant’s shift comes as blow to Irish market

The hope is that the group would also trade at a premium relative to profits by being listed in the US, where companies are traditionally valued on higher earnings multiples compared to Europe.

Davy analysts Ross Harvey and Andrea Collins said in a note to clients on Wednesday that the move of the primary listing to New York “is a significant event for the share”.

 

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