Saint-Gobain : Sale of the UK distribution business to get off on the right foot?
>Sale of Jewson to further the transformation - According to the UK press, Saint-Gobain has hired JP Morgan bankers to explore a sale of Jewson. Jewson is one of the largest distribution chains in the UK, 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. Based on our estimates, group sales would be close to € 2.3bn for EBIT of around ~€ 70m (margin of 3%). The cha...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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