Compagnie de Saint-Gobain Disposal (6962E)
April 11 2014 - 11:54AM
UK Regulatory
TIDMCOD
RNS Number : 6962E
Compagnie de Saint-Gobain
11 April 2014
April 11, 2014
Completion of the Verallia North America sale
Pursuant to the agreement signed on January 13, 2013,
Saint-Gobain today sold its entire stake in Verallia North America
to the Ardagh group based on an enterprise value of US$ 1,694
million (EUR1,275 million*). The transaction will reduce the
Group's net debt by an estimated EUR925 million and follows the
agreement reached with the US anti-trust authorities.
This sale is consistent with Saint-Gobain's strategy of focusing
on high-growth, high value-added markets in habitat and industry.
The proceeds from the sale will primarily allow Saint-Gobain to
strengthen its balance sheet, but also to continue with its
selective acquisitions policy targeting small and mid-scale
companies in high-growth countries and in North America,
High-Performance Materials and core positions in Building
Distribution.
* based on January 2013 exchange rate estimates
About Saint-Gobain
Saint-Gobain, the world leader in the habitat and construction
markets, designs, manufactures and distributes building materials,
providing innovative solutions to the challenges of growth, energy
efficiency and environmental protection. With 2013 sales of EUR42.0
billion, Saint-Gobain operates in 64 countries and has nearly
190,000 employees. For more information about Saint-Gobain, please
visit www.saint-gobain.com.
Analyst/Investor Relations Press relations
----------------------------------------- ------------------------------------------------------------
+33 1 47 62
32 52
+33 1 47 62 +33 1 47 62
Gaetano Terrasini 44 29 30 48
Vivien Dardel +33 1 47 62 Sophie Chevallon +33 1 47 62
Alexandra Baubigeat 30 93 Susanne Trabitzsch 43 25
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This information is provided by RNS
The company news service from the London Stock Exchange
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