Compagnie de Saint-Gobain Disposal (5245Z)
May 20 2019 - 2:48AM
UK Regulatory
TIDMCOD
RNS Number : 5245Z
Compagnie de Saint-Gobain
20 May 2019
PRESS RELEASE
May 20, 2019
SAINt-Gobain DIVESTS ITS Distribution ACTIVITY IN gERMANY
Saint-Gobain has achieved an important milestone in the
acceleration of its portfolio turnover, the aim being to sell more
than EUR3 billion in sales by the end of 2019. Following a
competitive sale process, the Group has signed an agreement for the
sale of its entire stake in Saint-Gobain Building Distribution
Deutschland (SGBDD) to the Stark group, an important player in
building materials distribution in Scandinavia.
The finalization of this transaction is subject to approval by
the European competition authority and is expected to be completed
in the second half of 2019.
It will be based on an enterprise value of EUR335 million.
In 2018, SGBDD generated revenues of EUR1,924 million and an
operating income of EUR21 million. Mainly known for its Raab
Karcher brand, SGBDD has 220 sales outlets and employs nearly 5,000
people.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and
solutions which are key ingredients in the wellbeing of each of us
and the future of all. They can be found everywhere in our living
places and our daily life: in buildings, transportation,
infrastructure and in many industrial applications. They provide
comfort, performance and safety while addressing the challenges of
sustainable construction, resource efficiency and climate
change.
EUR41.8 billion in sales in 2018
Operates in 67 countries
More than 180,000 employees
To learn more about Saint-Gobain
go to www.saint-gobain.com
and follow us on Twitter @saintgobain
Contacts analystes, investisseurs Contacts presse
+33 1 47 62 +33 1 47 62 30
44 29 10
+33 1 47 62 +33 1 47 62 51
Vivien Dardel 35 98 Laurence Pernot 37
Floriana Michalowska +33 1 47 62 Patricia Marie +33 1 47 62 43
Christelle Gannage 30 93 Susanne Trabitzsch 25
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