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Saint-Gobain: completes sale of business in France

(CercleFinance.com) - On Monday evening Saint-Gobain announced that on 31 December 2019 it completed the sale of its expanded polystyrene (PSE) activity in France to the Austro-Swedish consortium Hirsch-BEWiSynbraon.

"The EPS business in France had generated sales of around E70 million in 2018. This transaction is part of Saint-Gobain's portfolio optimization strategy within the framework of its new organization," the company said.

To date, disposals that have been completed or signed represent total sales of around 3.3 billion euros, the group said.

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