SAINT-GOBAIN (EPA:SGO) - Saint-Gobain divests its Distribution activity in Germany
Transparency directive : regulatory news
20/05/2019 08:40
Click here to download pdf version
PRESS RELEASEMay 20, 2019
SAINT-GOBAIN DIVESTS ITS DISTRIBUTION ACTIVITY IN GERMANY
Saint-Gobain has achieved an important milestone in the acceleration of its
portfolio turnover, the aim being to sell more than EUR3 billion in sales by
the end of 2019. Following a competitive sale process, the Group has signed an
agreement for the sale of its entire stake in Saint-Gobain Building
Distribution Deutschland (SGBDD) to the Stark group, an important player in
building materials distribution in Scandinavia.
The finalization of this transaction is subject to approval by the European
competition authority and is expected to be completed in the second half of
2019.
It will be based on an enterprise value of EUR335 million.
In 2018, SGBDD generated revenues of EUR1,924 million and an operating income
of EUR21 million. Mainly known for its Raab Karcher brand, SGBDD has 220 sales
outlets and employs nearly 5,000 people.
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
Operates in 67 countries
More than 180,000 employees
To learn more about Saint-Gobain
go to www.saint-gobain.com and follow us on Twitter @saintgobain
Contacts analystes, investisseurs
Vivien Dardel +33 1 47 62 44 29
Floriana Michalowska +33 1 47 62 35 98
Christelle Gannage +33 1 47 62 30 93
Contacts presse
Laurence Pernot +33 1 47 62 30 10
Patricia Marie +33 1 47 62 51 37
Susanne Trabitzsch +33 1 47 62 43 25
SAINT-GOBAIN
Siège social : Les Miroirs * 18, avenue d'Alsace * 92096 *
La Défense Cedex * France * Tél. : +33 1 47 62 30 00
www.saint-gobain.com
SAINT-GOBAIN's latest news
05/04/2024 18:11
03/04/2024 19:06
03/04/2024 17:59
26/03/2024 18:47
18/03/2024 17:39
15/03/2024 08:00
14/03/2024 08:01
12/03/2024 18:51
11/03/2024 17:45
11/03/2024 17:39
Other stories
20/04/2024 08:51
20/04/2024 15:07
20/04/2024 08:26
20/04/2024 11:20
20/04/2024 13:27
20/04/2024 13:34
20/04/2024 09:15
20/04/2024 11:52
20/04/2024 06:00
19/04/2024 05:00
20/04/2024 11:25
20/04/2024 14:31
20/04/2024 12:50
19/04/2024 23:29
20/04/2024 14:01
20/04/2024 04:45
19/04/2024 01:56
19/04/2024 10:01
19/04/2024 11:39
20/04/2024 05:35
19/04/2024 12:17
19/04/2024 18:00
20/04/2024 07:00
20/04/2024 10:45
20/04/2024 09:45
19/04/2024 15:48
20/04/2024 12:30
20/04/2024 14:19
20/04/2024 08:21
20/04/2024 13:59
20/04/2024 10:29
20/04/2024 09:37
19/04/2024 21:18
20/04/2024 14:25
19/04/2024 23:53
20/04/2024 08:56
20/04/2024 03:13
20/04/2024 10:53