Saint-Gobain confirms it is in talks to acquire CSR – 02/21/2024 at 10:09

French construction materials group Saint-Gobain SGOB.PA confirmed on Wednesday that it is in advanced talks to acquire Australian rival CSR CSR.AX .

The group is holding discussions on a non-binding indicative offer to acquire the entire share capital of CSR at a price of A$9.00 per share, it said.

“Saint-Gobain believes that a combination with CSR would be attractive to both groups, leveraging their long-standing partnership with similar business models, cultural proximity and development opportunities,” the group added.

(Written by Diana Mandiá, edited by Blandine Hénault)

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