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News Saint-Gobain completes sale of retail business in Germany

Saint-Gobain completes sale of retail business in Germany

Written by Global Gypsum staff
02 October 2019
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Germany: Saint-Gobain has completed the sale of its Saint-Gobain Building Distribution Deutschland (SGBDD) business to the Stark Group. The divestment is based on an enterprise value of Euro335m. The finalisation of this transaction follows the approval of the European competition authority in early September 2019. The sale of its building merchants retail business marks the continuation of Saint-Gobain’s portfolio optimisation strategy.

Last modified on 18 October 2019
Published in Global Gypsum News
Tagged under
  • Germany
  • SaintGobain
  • divestment
  • Stark Group
  • retail
  • SaintGobain Building Distribution Deutschland
  • GGM44

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