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COD Compagnie De Saint-gobain

78.10
-0.30 (-0.38%)
30 Jul 2024 - Closed
Delayed by 15 minutes
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
  -0.30 -0.38% 78.10 74.65 81.95 57,264 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Construction Machinery & Eq 47.94B 2.67B - N/A 40.16B

Disposal

27/07/2007 6:20pm

UK Regulatory


RNS Number:0517B
Compagnie de Saint-Gobain
27 July 2007


                                                           Paris, July 27, 2007



               Sale of the Reinforcement and Composites business
                       to Owens Corning for $640 million


Saint-Gobain announces that definitive agreements to sell its Reinforcements and
Composites activities to Owens Corning were signed on the 27th of July, 2007.

Total consideration for the divested assets (excluding Saint-Gobain US
reinforcement fiber activities which are to be sold independently) amounts to an
enterprise value of $640 million. The overall 2006 turnover of the activities
sold to Owens Corning is Euro715 million.

The closure of the transaction is scheduled by the end of 2007, subject to the
agreement of relevant competition authorities.

Saint-Gobain's Textile Solutions business, serving mainly construction markets,
will remain part of the Group's High-Performance Materials sector.


                                      ***



                         Investor Relations Department



Mrs Florence TRIOU-TEIXEIRA        Tel.: +33 1 47 62 45 19
Mr Alexandre ETUY                  Tel.: +33 1 47 62 37 15
                                   Fax: +33 1 47 62 50 62


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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