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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.16 | 0.19% | 85.60 | 85.50 | 85.90 | 85.86 | 85.54 | 85.72 | 133,398 | 13:05:00 |
From Dec 2019 to Dec 2024
By Patrick Costello
Compagnie de Saint-Gobain SA (SGO.FR) said Monday that it has reached an agreement to sell its entire stake in Saint-Gobain Building Distribution Deutschland to the Stark Group, a Nordic building materials company.
The sale is based on an enterprise value of 335 million euros ($373.7 million) for SGBDD, the French construction materials group said.
Saint-Gobain said it expects the divestment to be completed in the second half of 2019 pending approval from European antitrust authorities.
SGBDD generated revenue of EUR1.9 billion in 2018, Saint-Gobain said. It is mainly known for its Raab Karcher brand and has 220 sales outlets employing roughly 5,000 people, it said.
Write to Patrick Costello at patrick.costello@dowjones.com.
(END) Dow Jones Newswires
May 20, 2019 03:12 ET (07:12 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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