Picture of Compagnie de Saint Gobain SA logo

SGO Compagnie de Saint Gobain SA News Story

0.000.00%
fr flag iconLast trade - 00:00
Consumer CyclicalsBalancedLarge CapSuper Stock

REG - Compagnie St-Gobain - Disposal

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220217:nRSQ0564Ca&default-theme=true

RNS Number : 0564C  Compagnie de Saint-Gobain  17 February 2022

PRESS RELEASE

 

February 17, 2022

 

SAINT-GOBAIN DIVESTS SPECIALIST TILE DISTRIBUTOR

AND DISTRIBUTION BRAND SPECIALIZED IN PLUMBING, HEATING AND SANITARYWARE
PRODUCTS IN THE UNITED KINGDOM

 

Saint-Gobain has entered into binding agreements for the sale of its
specialist tile distributor in the UK - CTD Tile Group to Aurelius
Investments. Completion is expected by the end of the first quarter of 2022.
CTD Tile Group employs 580 people and has 89 outlets, generating a turnover of
approximately €115 million in 2021.

 

Saint-Gobain has also entered into an agreement for the sale of Ideal
Bathrooms, the remaining UK distribution brand specialized in plumbing,
heating and sanitaryware products, with a turnover of approximately €60
million in 2021. Ideal Bathrooms will be divested to Wolseley UK and
completion is expected in April 2022.

 

These transactions are part of Saint-Gobain's continued business profile
optimization strategy, in line with the "Grow & Impact" plan objectives.

 

 

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs,
manufactures and distributes materials and services for the construction and
industrial markets. Its integrated solutions for the renovation of public and
private buildings, light construction and the decarbonization of construction
and industry are developed through a continuous innovation process and provide
sustainability and performance. The Group's commitment is guided by its
purpose, "MAKING THE WORLD A BETTER HOME".

 

€38.1 billion in sales in 2020

More than 167,000 employees, located in 72 countries

Committed to achieving Carbon Neutrality by 2050

 

For more information about Saint-Gobain,

visit www.saint-gobain.com (http://www.saint-gobain.com) and follow us on
Twitter @saintgobain

 

 Analyst/Investor relations                   Press relations

 Vivien Dardel          +33 1 88 54 29 77     Patricia Marie            +33 1 88 54 26 83

 Floriana Michalowska    +33 1 88 54 19 09    Bénédicte Debusschere      +33 1 88 54 14 75

 Christelle Gannage      +33 1 88 54 15 49    Susanne Trabitzsch         +33 1 88 54 27 96

 Alix Sicaud             +33 1 88 54 38 70

 

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DISGZGMZNNRGZZM

Recent news on Compagnie de Saint Gobain SA

See all news