Edition:
India

Saint-Gobain In Talks To Sell DMTP For EUR 70 Mln


Thursday, 18 Jul 2019 

July 18 (Reuters) - Compagnie de Saint Gobain SA ::SAINT-GOBAIN ENTERS INTO EXCLUSIVE NEGOTIATIONS TO SELL ITS CIVIL ENGINEERING MATERIALS DISTRIBUTION BUSINESS (DMTP) IN FRANCE.DIVESTMENTS COMPLETED OR SIGNED AS OF TODAY ALREADY REPRESENT OVER EUR 2.8 BILLION IN SALES.PLANNED DIVESTMENT COULD BE COMPLETED DURING FOURTH-QUARTER 2019 OR FIRST-QUARTER 2020.IN TALKS TO SELL DISTRIBUTION DE MATÉRIAUX POUR LES TRAVAUX PUBLICS (DMTP) FOR AN ENTERPRISE VALUE OF EUR 70 MILLION.TTRANSACTION IS PART OF SAINT-GOBAIN'S PORTFOLIO OPTIMIZATION STRATEGY, WHICH AIMS TO DIVEST OVER EUR 3 BILLION IN SALES BY END 2019.