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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Compagnie De Saint-gobain | LSE:COD | London | Ordinary Share | FR0000125007 | COMPAGNIE DE ST-GOBAIN ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 78.40 | 74.75 | 81.95 | 14,602 | 14:33:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Construction Machinery & Eq | 47.94B | 2.67B | - | N/A | 40.16B |
TIDMCOD
RNS Number : 6962E
Compagnie de Saint-Gobain
11 April 2014
April 11, 2014
Completion of the Verallia North America sale
Pursuant to the agreement signed on January 13, 2013, Saint-Gobain today sold its entire stake in Verallia North America to the Ardagh group based on an enterprise value of US$ 1,694 million (EUR1,275 million*). The transaction will reduce the Group's net debt by an estimated EUR925 million and follows the agreement reached with the US anti-trust authorities.
This sale is consistent with Saint-Gobain's strategy of focusing on high-growth, high value-added markets in habitat and industry. The proceeds from the sale will primarily allow Saint-Gobain to strengthen its balance sheet, but also to continue with its selective acquisitions policy targeting small and mid-scale companies in high-growth countries and in North America, High-Performance Materials and core positions in Building Distribution.
* based on January 2013 exchange rate estimates
About Saint-Gobain
Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes building materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2013 sales of EUR42.0 billion, Saint-Gobain operates in 64 countries and has nearly 190,000 employees. For more information about Saint-Gobain, please visit www.saint-gobain.com.
Analyst/Investor Relations Press relations ----------------------------------------- ------------------------------------------------------------ +33 1 47 62 32 52 +33 1 47 62 +33 1 47 62 Gaetano Terrasini 44 29 30 48 Vivien Dardel +33 1 47 62 Sophie Chevallon +33 1 47 62 Alexandra Baubigeat 30 93 Susanne Trabitzsch 43 25 ----------------------- ---------------- -------------------------------------------- --------------
This information is provided by RNS
The company news service from the London Stock Exchange
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