Saint-Gobain: disposal of 200 million euros in China
(CercleFinance.com) - Saint-Gobain this morning announces the sale (already finalised) of part of its Pipe activity in China, for approximately 200 million euros.
In detail, the building materials group will sell " entities of its Xuzhou site in China and its industrial and property assets to Nanjing Manyuan Technology Co.,Lt. (NMT)," a deal that has already been approved by the Chinese Ministry of Commerce.
This site is one of two that belong to the group which produces ductile iron pipes and fittings in this huge emerging country. In 2017, it generated sales of around 250 million euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
In detail, the building materials group will sell " entities of its Xuzhou site in China and its industrial and property assets to Nanjing Manyuan Technology Co.,Lt. (NMT)," a deal that has already been approved by the Chinese Ministry of Commerce.
This site is one of two that belong to the group which produces ductile iron pipes and fittings in this huge emerging country. In 2017, it generated sales of around 250 million euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.