Saint-Gobain : A sale of the UK distribution business to end the year on a positive note?
>A sale of Jewson to further the transformation - Bloomberg reports that a sale of Jewson is imminent and could be completed by the end of the week. The rumour first surfaced in early October and seems to have stubbornly continued to circulate in the last few weeks. Jewson is one of the largest distribution chains selling to small and medium-sized businesses in the construction sector. It was acquired in April 2000. Jewson employs 6,000 people throughout the UK. ...Compagnie de Saint-Gobain manufactures, produces, and distributes industrial materials. Co.'s activities are divided into four sectors: Innovative Materials (Co. makes, processes and sells glass and glazing products for the building, the automotive and solar energy industries; Co. also manufactures Ceramics and Plastics, Abrasives, and Textiles), Construction Products (Co. offers products for the Insulation, Gypsum, Exterior Products, Pipe and Industrial Mortars), Building Distribution (Co. distributes building materials (plumbing, heating and sanitaryware products) and ceramic tiles), and Packaging - Verallia (Co. manufactures glass containers and jars for foodstuffs and beverages).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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