George Soros buys into CRH ahead of US stock market move for Irish building giant

George Soros. Photo: Getty Images

Bailey Lipschultz

Billionaire investors George Soros and Seth Klarman are building positions in Irish building materials company CRH before it shifts its primary listing to a US exchange from across the pond, a signal that efforts to tap into a larger pool of investors is working out.

Soros Fund Management held 350,000 American depository receipts (ADRs), worth roughly $20m (€18.3m) in CRH at the end of June, while Klarman's Baupost Group held a nearly 57,000 stake worth $3.15m, according to regulatory filings compiled by Bloomberg.