The move will come as a massive blow to Irish stockbrokers and Euronext Dublin, the operator of the Irish market, who had been hoping CRH would retain its secondary listing in the Republic even as it advanced a plan to move its primary stock quotation from London to New York. CRH now generates three-quarters of its earnings in North America.
“Since the initial announcement [in March], we have engaged extensively with our shareholders to explain the rationale for our recommendation. After careful consideration of the feedback received and based on the strong support indicated by our shareholders, we will now seek formal approval for the listing change from shareholders at an Extraordinary General Meeting to be held on 8 June 2023,” CRH said.
CRH reported on Wednesday that its group sales rose by 7 per cent, including the impact of acquisitions. Sales in its Americas materials solutions unit rose 10 per cent and those in its Americas building solutions business gained 22 per cent.
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