# Saint-Gobain confirms A$9/share cash offer to acquire CSR

Saint-Gobain has confirmed a non-binding indicative cash offer of A$9 per share to acquire Australian building materials firm CSR Ltd., aiming to enter the Australian market. Due diligence is ongoing.

- Type: Acquisition
- Announced: 2024-02-21
- Where: Australia
- Value: $2.95B (4.50B AUD)
- Status: rumored
- Products: building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Saint-Gobain](https://endata.com/companies/1801.md) (acquirer)
- [CSR](https://endata.com/companies/33050.md) (target)

## Sources

- [rttnews.com](https://www.rttnews.com/3426071/saint-gobain-confirms-a-9-share-cash-offer-to-buy-csr.aspx), 2024-02-21: "Saint-Gobain S.A. confirmed on Wednesday that issued A$9 per share cash offer to acquire Australian building materials firm CSR Ltd."
- [reuters.com](https://www.reuters.com/markets/deals/frances-saint-gobain-strikes-agreement-buy-australias-csr-2024-02-26/), 2024-02-26: "French construction materials company Saint-Gobain said it had signed a definitive agreement to buy Australian peer CSR Limited in a deal with an enterprise value of A$4.5 billion ($2.95 billion)."
- [afr.com](https://www.afr.com/companies/manufacturing/french-group-saint-gobain-wins-over-csr-board-in-4-3b-takeover-20240226-p5f7yy), 2024-02-26: "The board of building products group CSR has agreed to a $4.3 billion buyout bid from French group Saint-Gobain."
- [glassonweb.com](https://www.glassonweb.com/news/saint-gobain-signs-definitive-agreement-acquire-csr-limited), 2024-02-26: "This acquisition, which is fully aligned with the Group’s vision as the worldwide leader in light and sustainable construction, is a decisive step to strengthen its presence in the fast-growing markets of Asia-Pacific."
- [quarrymagazine.com](https://www.quarrymagazine.com/fantastic-opportunity-saint-gobain-confirms-csr-takeover-deal/), 2024-03-20: "The board believes the Scheme provides attractive value and certainty for CSR shareholders and is a validation of the successful execution of CSR's strategy."
- [juniorib.com](https://www.juniorib.com/post/saint-gobain-s-2-8-billion-takeover-of-australia-s-csr-limited), 2024-05-04: "CSR is a unique opportunity for Saint-Gobain to establish a leading presence in the attractive Australian construction market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.