REG - Compagnie St-Gobain - Disposal

Compagnie de Saint Gobain SAAnnouncement

10/01/2019 17:45

RNS Number : 8107M
Compagnie de Saint-Gobain
10 January 2019
 



PRESS RELEASE

 
January 10, 2019
 
 
Saint-Gobain divests its GlaSS processing and distribution businesses in Norway and sweden
 
 
Saint-Gobain has sold its regional glass business Glassolutions Norway and Sweden to Mimir Invest AB, a Swedish investment firm. The divestment will be effective January 11, 2019 and the divested businesses will continue to use the Glassolutions brand under a franchise agreement.
 
Glassolutions Norway and Sweden manufactures and distributes glass products. This business has delivered an annual turnover of around €35 million and employs 170 people. Saint-Gobain will remain present in the region as a supplier of float glass, insulated glass units and high performance glass.
 
This disposal is part of the Group's announced objective to divest businesses representing sales of at least €3 billion by the end of 2019.
 
 
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.
 
€40.8 billion in sales in 2017
Operates in 67 countries
More than 179,000 employees
www.saint-gobain.com 

@saintgobain
 
 




 
Analyst/Investor relations
 


 
Media relations




Vivien Dardel
Floriana Michalowska
Christelle Gannage


+33 1 47 62 44 29
 +33 1 47 62 35 98
 +33 1 47 62 30 93


Laurence Pernot
Susanne Trabitzsch


 +33 1 47 62 30 10
 +33 1 47 62 43 25



 
 
 
 



 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DISFMGMMNGNGLZM