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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cie de SaintGobain | EU:SGO | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 84.06 | 84.04 | 86.48 | 0.00 | 00:00:00 |
By Pietro Lombardi
Compagnie de Saint-Gobain SA (SGO.FR) has bought German insulation-products manufacturer Kaimann, the French company said Friday.
Financial details of the deal weren't disclosed.
The French building-materials producer said that with the deal it "further enhances its range of insulating solutions, reinforcing its presence on the fast-growing segment of technical insulation."
Kaimann had sales of 70 million euros ($80.5 million) in 2017 and employs 320 people, according to Saint-Gobain.
The acquisition is subject to the approval of antitrust authorities.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
October 05, 2018 02:58 ET (06:58 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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