Compagnie de Saint-Gobain Disposal (5239K)
January 05 2021 - 01:00AM
UK Regulatory
TIDMCOD
RNS Number : 5239K
Compagnie de Saint-Gobain
04 January 2021
PRESS RELEASE
January 4, 2021
SAINt-Gobain enters into exclusive negotiations in preparation
for the disposal of its distribution activities in the
netherlands
Saint-Gobain has entered into exclusive negotiations with BME
(Building Materials Europe) in preparation for the sale of
Saint-Gobain Building Distribution the Netherlands (SGBD NL).
In 2019, SGBD NL generated revenues of EUR522 million and an
adjusted EBITDA of EUR11 million. Operating under the brands Raab
Karcher, Tegelgroep Nederland, Galvano and Van Keulen, it has 38
sales outlets and employs over 1,000 people.
BME, one of Europe's leading distributor of building materials,
operates in 7 countries including France, Germany, Belgium and the
Netherlands.
The transaction is subject to approval by the European
competition authority and to information and consultation of the
employee representatives of the relevant Dutch entities. The
transaction is intended to be finalized by the end of the year
2021.
It will be based on an enterprise value of EUR150 million.
This divestment is part of Saint-Gobain's continued portfolio
optimization strategy to enhance the Group's growth and
profitability profile.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and
solutions for the construction, mobility, healthcare and other
industrial application markets. Developed through a continuous
innovation process, they can be found everywhere in our living
places and daily life, providing wellbeing, performance and safety,
while addressing the challenges of sustainable construction,
resource efficiency and the fight against climate change.
This strategy of responsible growth is guided by the
Saint-Gobain purpose, "MAKING THE WORLD A BETTER HOME", which
responds to the shared ambition of all the women and men in the
Group to act every day to make the world a more beautiful and
sustainable place to live in.
EUR42.6 billion in sales in 2019
More than 170,000 employees, located in 70 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain,
visit www.saint-gobain.com and follow us on Twitter
@saintgobain
Analyst/Investor relations Press relations
+33 1 88 54 +33 1 88 54 23
29 77 45
+33 1 88 54 +33 1 88 54
Vivien Dardel 19 09 Laurence Pernot 26 83
Floriana Michalowska +33 1 88 54 Patricia Marie +33 1 88 54
Christelle Gannage 15 49 Susanne Trabitzsch 27 96
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END
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