Saint-Gobain : Distribution business in Germany deconsolidated ahead of PAM deal?
>Distribution in Germany for starters … - Saint-Gobain yesterday announced that it had finalised the sale of its building distribution subsidiary in Germany to the Stark group. This business generates sales of € 1.924bn and an operating profit of € 21m for an EV of € 335m. The deal follows the green light from the European anti-trust authority on 6 September. The closing of this transaction marks a significant step in the execution of the group’s portfolio optimisatio...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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