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Australia's CSR targeted by antitrust lawsuit on eve of merger with France's Saint-Gobain

By Ryan Cropp ( July 5, 2024, 06:13 GMT | Insight) -- One of Australia’s oldest companies, CSR Building Products Limited, has been targeted by a major private antitrust lawsuit, less than a week before the company is due to be acquired by French multinational Saint-Gobain. According to filings made in the Federal Court of Australia this week, local building-materials supplier Australian Gypsum Industries has accused CSR of violating Section 46 of Australia’s Competition and Consumer Act, which prohibits the misuse of market power. Saint-Gobain’s acquisition of CSR is scheduled to complete on Monday.One of Australia’s oldest and largest companies, CSR Building Products Limited, has been targeted by a major private antitrust lawsuit, less than a week before the company is due to be acquired by French multinational Saint-Gobain....

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