# Saint-Gobain wins FIRB approval for $4.3B buyout of CSR

French building materials giant Saint-Gobain received approval from Australia's Foreign Investment Review Board for its $4.3 billion takeover bid of CSR, the maker of Gyprock. Shareholders will vote on the proposal at a scheme meeting scheduled for June 13, 2024.

- Type: Acquisition
- Announced: 2024-06-11
- Where: Australia, Australia
- Value: $4.30B
- Status: announced
- Products: Gyprock 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

- [afr.com](https://www.afr.com/companies/manufacturing/french-giant-saint-gobain-wins-firb-approval-for-csr-buyout-20240611-p5jkzf), 2024-06-11: "French building materials giant Saint-Gobain has received approval from Australia’s Foreign Investment Review Board for its $4.3 billion takeover bid of CSR."
- [glassbalkan.com](https://glassbalkan.com/news/saint-gobain-strengthens-presence-in-australia-with-csr-acquisition/), 2024-07-09: "We are delighted with the timely completion of this major transaction in Australia's attractive high-growth construction market, which is underpinned by solid macroeconomic fundamentals."
- [quarrymagazine.com](https://www.quarrymagazine.com/tremendous-opportunity-saint-gobain-finalise-csr-acquisition/), 2024-08-22: "We are delighted with the timely completion of this major transaction in Australia's attractive high-growth 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.