4 days ago
- Business
- AU Financial Review
Bricks-and-mortar ASX plays dwindle after Soul Patts' Brickworks deal
Australia is set for a surge in home-building in coming years, says former Brickworks managing director Lindsay Partridge. However, investors lack options to gain exposure to the sector, with five large building materials companies having disappeared, or set to disappear, from the ASX boards.
Brickworks, the country's largest brickmaking group, has been a fixture on the ASX since listing 1962 but will soon depart the exchange after being swallowed up by investment group Soul Patts in a $14 billion merger announced on Monday.
