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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% | 71.40 | 68.80 | 75.60 | 2,105 | 08:03:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Construction Machinery & Eq | 47.94B | 2.67B | - | N/A | 0 |
TIDMCOD
RNS Number : 0960O
Compagnie de Saint-Gobain
30 September 2019
PRESS RELEASE
September 30, 2019
SAINT-GOBAIN announces the sale of its
construction glass business in south korea
and reaches its divestment target announced for the end of 2019
Saint-Gobain has reached an agreement to sell its construction glass activity in South Korea (Hankuk Glass Industries), a player in the local construction market, to Glenwood Private Equity, a leading investment management company in Korea specialized in industrial activities and the construction sector.
The transaction should close at the end of 2019 once approval of the competition authorities has been granted. It will be based on an enterprise value of around EUR240 million.
In 2018 the business generated revenues of around EUR200 million and operating income of EUR10 million. The company employs 310 people and consists principally of two flat glass production units and a transformation line. Saint-Gobain retains its leading position in South Korea and continues its development in the automotive markets, in life sciences and in insulation, both industrial and construction.
This transaction marks an important milestone in the execution of Saint-Gobain's portfolio optimization strategy: with over EUR3 billion in sales completed or signed as of today, the objective announced for the end of 2019 has already been reached.
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
Operations in 68 countries
More than 180,000 employees
For more information about Saint-Gobain
Visit www.saint-gobain.com
and follow us on Twitter @saintgobain
Analyst/Investor relations Press relations +33 1 47 62 +33 1 47 62 30 44 29 10 +33 1 47 62 +33 1 47 62 Vivien Dardel 35 98 Laurence Pernot 51 37 Floriana Michalowska +33 1 47 62 Patricia Marie +33 1 47 62 Christelle Gannage 30 93 Susanne Trabitzsch 43 25 ----------------------- -------------- -------------------- ---------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
September 30, 2019 02:21 ET (06:21 GMT)
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