RNS Number:0517B
Compagnie de Saint-Gobain
27 July 2007


                                                           Paris, July 27, 2007



               Sale of the Reinforcement and Composites business
                       to Owens Corning for $640 million


Saint-Gobain announces that definitive agreements to sell its Reinforcements and
Composites activities to Owens Corning were signed on the 27th of July, 2007.

Total consideration for the divested assets (excluding Saint-Gobain US
reinforcement fiber activities which are to be sold independently) amounts to an
enterprise value of $640 million. The overall 2006 turnover of the activities
sold to Owens Corning is Euro715 million.

The closure of the transaction is scheduled by the end of 2007, subject to the
agreement of relevant competition authorities.

Saint-Gobain's Textile Solutions business, serving mainly construction markets,
will remain part of the Group's High-Performance Materials sector.


                                      ***



                         Investor Relations Department



Mrs Florence TRIOU-TEIXEIRA        Tel.: +33 1 47 62 45 19
Mr Alexandre ETUY                  Tel.: +33 1 47 62 37 15
                                   Fax: +33 1 47 62 50 62


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

DISMGGZNNNRGNZM

Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Compagnie De Saint-gobain Charts.
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Compagnie De Saint-gobain Charts.