Australia has only 27 million inhabitants, but the country displays a dynamism rare among developed countries.
Population growth is three times higher than the average for OECD countries, with 400,000 additional inhabitants each year.
The government has committed to building an additional 1.2 million new homes over the next five years.
Saint-Gobain will now take full advantage of this dynamism.
The French construction materials giant, which was only marginally present in Australia with an activity representing only 100 million euros per year, has in fact announced that it has reached a definitive agreement with the directors of CSR in order to take full control of the society.
Its board of directors unanimously recommended that the company's shareholders vote in favor of the transaction, which should avoid any problems.
A key player
It will then be necessary to carry out a delisting operation.
CSR is the country’s leading player…
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