Deals
Saint Gobain Considers Buying Australian Rival CSR
- Building materials firms have held initial talks with advisers
- Paris-based St. Gobain has lined up financing for transaction
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French building materials producer Cie. de Saint-Gobain is exploring a potential acquisition of CSR Ltd., people familiar with the matter said, sending shares of the Australian company up the most in nearly 32 years.
The two companies have held initial talks and are working with advisers to reach a deal, said the people, who asked not to be identified because the matter is private. Paris-based St. Gobain has lined up financing for a potential transaction, the people said.