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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% | 82.10 | 79.05 | 86.65 | 2,477 | 09:02:17 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Construction Machinery & Eq | 47.94B | 2.67B | - | N/A | 42.06B |
RNS Number:8969G Compagnie de Saint-Gobain 02 November 2007 November 1st, 2007 Saint-Gobain completes the sale of its Reinforcements and Composites businesses to Owens Corning Saint-Gobain announces the completion of the sale of its Reinforcements and Composites businesses (excluding US fiber reinforcement activities) to Owens Corning effective November 1, 2007, following the approval of the European competition authorities. Originally set to take place in two phases, the first of which was to be a 60%-40% joint venture with Owens Corning, the divestment was accelerated in July 2007, resulting in the sale of the entire businesses in a single transaction. As previously mentioned, the Textile Solutions business, mainly serving construction markets and posting sales of Euro520 million in 2006, will remain part of Saint-Gobain's High-Performance Materials sector. This transaction, with an enterprise value of $640 million, is part of the Saint-Gobain Group's strategic plan to refocus on construction markets, which began with the acquisition of British Plasterboard in December 2005 and was followed by the sale of Calmar (plastic dispensing and spraying systems) for $745 million in April 2006 and Desjonqueres (specialty bottles) for Euro690 million in March 2007. **************** Investor Relations Department Florence Triou-Teixeira Tel.: +33 1 47 62 45 19 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 DISDGMGMRZDGNZG
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