Compagnie de Saint-Gobain Disposal (2326O)
September 30 2019 - 12:39PM
UK Regulatory
TIDMCOD
RNS Number : 2326O
Compagnie de Saint-Gobain
30 September 2019
PRESS RELEASE
September 30, 2019
SAINT-GOBAIN COMPLETES THE SALE OF ITS DISTRIBUTION ACTIVITY IN
GERMANY
Saint-Gobain today announces the completion of the sale of
Saint-Gobain Building Distribution Deutschland (SGBDD) to the Stark
Group.
In 2018 SGBDD generated revenues of EUR1,924 million and
operating income of EUR21 million; the divestment is based on an
enterprise value of EUR335 million. The finalization of this
transaction follows the approval of the European competition
authority received on September 6, 2019.
The completion of this transaction marks an important milestone
in the execution of Saint-Gobain's portfolio optimization strategy:
with over EUR3 billion in sales completed or signed as of today,
the objective announced for the end of 2019 has already been
reached.
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
Operations in 68 countries
More than 180,000 employees
For more information about Saint-Gobain
Visit www.saint-gobain.com
and follow us on Twitter @saintgobain
Analyst/Investor relations Press relations
+33 1 47 62 +33 1 47 62 30
44 29 10
+33 1 47 62 +33 1 47 62
Vivien Dardel 35 98 Laurence Pernot 51 37
Floriana Michalowska +33 1 47 62 Patricia Marie +33 1 47 62
Christelle Gannage 30 93 Susanne Trabitzsch 43 25
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END
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