France's St Gobain strikes agreement to buy Australia's CSR
26/02/2024 06:23
PARIS, Feb 26 (Reuters) - French construction materials
company St Gobain SGOB.PA said it had signed a definitive
agreement to buy Australian peer CSR Limited CSR.AX in a deal
with an enterprise value of A$4.5 billion ($2.95 billion).
St Gobain said it was offering A$9.00 for each share in CSR
Ltd, adding the target company's management favoured the deal.
($1 = 1.5263 Australian dollars)
(Reporting by Sudip Kar-Gupta, editing by Tassilo Hummel)
((sudip.kargupta@thomsonreuters.com;))
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