CSR announced today that it has entered into an agreement to sell its autoclaved aerated concrete (AAC) business in Malaysia to Saint-Gobain Construction Products (Malaysia).

The AAC business operates one facility in Malaysia, manufacturing and selling AAC products, predominantly blocks and panels.

The transaction is expected to be completed by the conclusion to CSR's financial year, 31 March 2012, following which ownership of the business will transfer to Saint-Gobain.