Saint-Gobain: finalises divestment of business in Denmark
(CercleFinance.com) - Saint-Gobain has said that it has completed the sale of its construction materials distribution business in Denmark to Davidsens Tommerhandel.
This business reported sales of around 120 million euros in 2018.
"This transaction is part of Saint-Gobain's portfolio optimization strategy within the framework of its new organization," the group said.
"Divestments completed or signed as of today by Saint-Gobain to increase its growth and profitability profile represent over E3.1 billion in
sales, marking the continuation of divestments while the initial target of over E3 billion in sales by the end of the year has already
been achieved," management added.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
This business reported sales of around 120 million euros in 2018.
"This transaction is part of Saint-Gobain's portfolio optimization strategy within the framework of its new organization," the group said.
"Divestments completed or signed as of today by Saint-Gobain to increase its growth and profitability profile represent over E3.1 billion in
sales, marking the continuation of divestments while the initial target of over E3 billion in sales by the end of the year has already
been achieved," management added.
Copyright (c) 2019 CercleFinance.com. All rights reserved.