Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised Saint-Gobain SA (SGO:PAR) (Saint-Gobain) on its strategic acquisition of CSR Limited (ASX:CSR) (CSR) for A$4.3 billion.
Saint-Gobain, a worldwide leader in light and sustainable construction, has entered into a definitive agreement with CSR, a leading building products company in Australia for residential and non-residential construction, to acquire all of the outstanding shares of CSR by way of an Australian scheme of arrangement for A$9.00 per share, corresponding to an enterprise value of A$4.5 billion.
Led by Head of Corporate Sandy Mak, Corrs advised Saint-Gobain on all aspects of the acquisition with support from experts across the firm’s corporate, tax, competition, environment and planning, real estate and litigation practices.
Commenting on the matter, Corrs partner Sandy Mak said: “We are delighted to support Saint-Gobain on this highly strategic transaction that enables it to establish a leading presence in the high-growth Australian construction market.
“This deal demonstrates Corrs’ expertise in advising on unique situations in the context of large cross-border transactions, which required a team effort from a wide range of practice groups across the country. We look forward to working closely with Saint-Gobain as it enters the Australian market and continues to grow its global footprint.”