Compagnie de Saint-Gobain S.A. (SGO.PA), a French sustainable construction company, on Wednesday announced that it has agreed to sell Australia-based CSR Ltd.'s Badgerys Creek property asset for a consideration of A$575 million or around 320 million euros.
The transaction is expected to be completed on December 19.
The divesting property is located adjacent to the new Western Sydney Airport. It is part of CSR's at least A$1.3 billion worth property assets identified for monetization in the mid-term by Saint-Gobain at the time of the CSR acquisition in July 2024.
Saint-Gobain has so far sold A$900 million worth of CSR assets, including Badgerys Creek, since the acquisition.
In the Paris market, SGO.PA shares were trading 0.65% lower at 100 Euros.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.