Compagnie de Saint-Gobain Disposal (0423G)
July 18 2019 - 11:16AM
UK Regulatory
TIDMCOD
RNS Number : 0423G
Compagnie de Saint-Gobain
18 July 2019
PRESS RELEASE
July 18, 2019
SAINT-GOBAIN ENTERS INTO EXCLUSIVE NEGOTIATIONS TO SELL ITS
CIVIL ENGINEERING MATERIALS DISTRIBUTION BUSINESS (DMTP) IN
FRANCE
Saint-Gobain has entered into exclusive negotiations with Groupe
Frans Bonhomme in connection with the sale of the French company
Distribution de Matériaux pour les Travaux Publics (DMTP) for an
enterprise value of EUR70 million. Specialized in the distribution
of mainly concrete products for public works, civil engineering and
infrastructure in France, DMTP has 58 outlets in France and
reported close to EUR250 million in sales and close to EUR3 million
in operating income in 2018. Through this divestment, Saint-Gobain
optimizes it portfolio of distribution businesses in France in
order to focus on its strongest brands.
Subject to completion of the information and consultation
procedure involving the relevant employee representative bodies and
to approval from the competent antitrust authorities, the planned
divestment could be completed during fourth-quarter 2019 or
first-quarter 2020.
This transaction is part of Saint-Gobain's portfolio
optimization strategy, which aims to divest over EUR3 billion in
sales by the end of 2019. Divestments completed or signed as of
today already represent over EUR2.8 billion in sales.
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
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END
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