SAINT-GOBAIN (EPA:SGO) - Saint-Gobain enters into exclusive discussions for the sale of its silicone carbide division
Transparency directive : regulatory news
08/01/2019 07:59
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PRESS RELEASE
January 8, 2019
SAINT-GOBAIN ENTERS INTO EXCLUSIVE DISCUSSIONS FOR THE SALE OF ITS SILICON
CARBIDE DIVISION
Saint-Gobain moved another step forward in the acceleration of its portfolio
management, reaching an exclusive agreement with private equity firm OpenGate
Capital after having received a purchase offer to acquire the Group's silicon
carbide division. This firm and binding offer is not subject to any financing
conditions.
Saint-Gobain is a worldwide leader in silicon carbide grains and powders with
annual sales of around EUR120 million.
The transaction envisaged will be finalized after the usual information and
consultation procedures with the relevant employee representative bodies of
Saint-Gobain. It is subject to the approval of the competition authorities and
should be effective in the first half of 2019.
This transaction is part of Saint-Gobain's announced objective to divest
businesses representing sales of at least EUR3 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.
EUR40.8 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 +33 1 47 62 44 29 Laurence Pernot +33 1 47 62 30 10
Floriana Michalowska +33 1 47 62 35 98 Susanne Trabitzsch +33 1 47 62 43 25
Christelle Gannage +33 1 47 62 30 93