Edition:
India

St Gobain to sell Optimera construction materials distribution business in Denmark


Wednesday, 19 Jun 2019 

June 19 (Reuters) - Saint Gobain SA ::* Saint-Gobain has signed an agreement with Davidsens Tommerhandel to sell its Optimera construction materials distribution business in Denmark.* Optimera Denmark has 17 outlets as well as construction materials warehouses and logistics centers, and had sales of around €120 million in 2018.* Transaction is in line with Saint-Gobain’s portfolio optimization strategy aimed at divesting businesses representing sales of more than €3.0 billion by end-2019. The transaction should be effective during the second half of 2019.