CRH to quit Dublin exchange - Irish Times

CRH

07/04/2023 10:23

DUBLIN, April 7 (Reuters) - CRH, the largest company on
the Irish stock market, plans to quit the Dublin stock exchange
to ensure its inclusion in the influential S&P 500 index, the
Irish Times said on Friday.
    In March, the Dublin-based building materials giant said it
intended to move its primary listing to the United States, where
it is the largest building materials supplier and made about 75%
of its $5.6 billion in core earnings last year.  urn:newsml:reuters.com:*:nL1N35A0MG
    Euronext Dublin had hoped CRH would retain its secondary
listing in Ireland even as it advanced a plan to move its
primary stock quotation from London to New York, the newspaper
added.
    The building materials giant will remain headquartered and
tax resident in Ireland, but its advisers think it would be
easier for the S&P 500 committee to include the company in the
benchmark index if it were not also listed in Dublin, which
accounts for most of the trading volume in the stock.

 (Reporting by Graham Fahy; Editing by Clarence Fernandez)
 ((graham.fahy@thomsonreuters.com;))