Regulatory Story
Go to market news section
Compagnie de Saint-Gobain - COD
Disposal
Released 07:06 10-Mar-2020



RNS Number : 5700F
Compagnie de Saint-Gobain
10 March 2020

PRESS RELEASE

March 10, 2020

SAINT-GOBAIN DIVESTS PART OF ITS GLASS PROCESSING BUSINESS
IN GERMANY

Saint-Gobain has sold part of its glass transformation business Glassolutions in Germany to DIK Deutsche Industriekapital GmbH, a Berlin-based investment firm.

The divestment concerns seven sites: Bremen, Flensburg, Freiburg, Kiel, Murr, Potsdam and Rostock. These sites employ a total of 350 people and delivered sales of €45 million in 2019.

Saint-Gobain Glassolutions will remain present in Germany through its large glass transformation sites for industrial clients in particular, as well as its sites with specific areas of expertise such as in solar glass or curved glass.

This disposal is part of Saint-Gobain's continued portfolio optimization strategy in the context of its new organization to enhance the Group's growth and profitability profile.

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.

€42.6 billion in sales in 2019

Operates in 68 countries

More than 170,000 employees

For more information about Saint-Gobain

Visitwww.saint-gobain.com

and follow us on Twitter @saintgobain

Analyst/Investor relations

Press relations

Vivien Dardel

Floriana Michalowska

Christelle Gannage

+33 1 47 62 44 29

+33 1 47 62 35 98

+33 1 47 62 30 93

Laurence Pernot

Patricia Marie

Susanne Trabitzsch

+33 1 47 62 30 10

+33 1 47 62 51 37

+33 1 47 62 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
DISGZGMFNGZGGZG
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.
©2014London Stock Exchange plc. All rights reserved



Disposal - RNS

Attachments

  • Original document
  • Permalink

Disclaimer

Compagnie de Saint Gobain SA published this content on 10 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2020 07:08:03 UTC