REG - Compagnie St-Gobain - Disposal

Compagnie de Saint Gobain SAAnnouncement

30/09/2019 17:40

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 €1,924 million and operating income of €21 million; the divestment is based on an enterprise value of €335 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 €3 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.
 
€41.8 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
 
 



 
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