French construction giant Saint-Gobain offers to buy Australian rival CSR for A$4.3bn ($2.8bn) in a cash deal to consolidate the building industry and diversify growth.

French construction giant Saint-Gobain offers to buy Australian rival CSR for A$4.3bn ($2.8bn) in a cash deal. The proposed acquisition aims to consolidate the building industry, which is shifting towards more climate-friendly materials. If completed, the deal could help Saint-Gobain diversify and boost growth in residential and commercial building products in Australia and New Zealand.