Company announces successful transition of primary listing to New York Stock Exchange
CRH plc have today announced the successful transition of their primary listing to the New York Stock Exchange (NYSE), marking a historic milestone for the Group.
Whilst the Group will retain a standard listing on the London Stock Exchange, CRH believe a US primary listing will bring increased commercial, operational, and acquisition opportunities for the 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 say they are uniquely positioned to capitalize 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.’