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News CSR secures approval for acquisition by Saint-Gobain

CSR secures approval for acquisition by Saint-Gobain

Written by Global Gypsum staff
13 June 2024
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Australia: Shareholders in CSR have voted in favour of the company’s proposed acquisition by France-based Saint-Gobain for US$2.87bn.

CSR chair John Gillam said “The attractive value creation for shareholders arising from the planned acquisition by Saint-Gobain is a clear validation of the strategy and its successful execution by the CSR team under Julie Coates’ leadership. Organisations like Saint-Gobain don’t just casually start trading in a new country if they haven’t got a productive capacity to back up what they’re selling, so they’re looking to participate in this economy by acquiring at a very strong price.”

Published in Global Gypsum News
Tagged under
  • SaintGobain
  • Australia
  • CSR
  • Acquisition
  • board
  • approval
  • corporate
  • deal
  • agreement

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