Saint-Gobain: acquires GCP Applied Technologies

(CercleFinance.com) - Saint-Gobain announces an agreement to acquire all the shares of GCP Applied Technologies for a cash price of 32 dollars per share, representing to an enterprise value of approximately 2.
3 billion dollars.

It said that this acquisition is a decisive step in establishing Saint-Gobain as a global leader in construction chemicals, with total sales of over four billion euros.

The transaction was unanimously approved by both boards of directors. It is expected to be completed by the end of 2022, subject to approval from GCP shareholders, the competition authorities and other customary conditions.



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