Jun 12, 2026 – 3.16pmFrench building materials giant Saint-Gobain plans to sell its 25 per cent stake in the troubled Tomago aluminium smelter, inherited through its $4.3 billion takeover of CSR two years ago, although chief executive Benoit Bazin said no deadline had been set for its exit.Bazin said talks were continuing between the federal government and majority owner Rio Tinto over a bailout deal to put the loss-making smelter on a more stable footing, but declined to comment further.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles