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Disposal

29 Oct 2015 16:58

RNS Number : 9302D
Compagnie de Saint-Gobain
29 October 2015
 



 

 

October 29, 2015

 

Verallia sale finalized

 

 

In accordance with the announcement of June 8, 2015, Saint-Gobain today sold Verallia to funds managed by affiliates of Apollo Global Management LLC and BPI France, which currently hold 90% and 10%, respectively, of the share capital. The sale was completed based on an enterprise value of €2,945 million and reduces Saint-Gobain's net debt by an estimated €2.5 billion. This transaction follows the agreement reached with the relevant competition authorities as well as the customary information and consultation procedures with the Group's employee representative bodies.

 

The sale of Verallia marks a decisive step in Saint-Gobain's strategic refocus on the design, manufacture and distribution of innovative, high-performance solutions for the habitat and industrial markets, on which the Group will continue to develop.

 

 

 

ABOUT SAINT-GOBAIN

In 2015, Saint-Gobain is celebrating its 350th anniversary, 350 reasons to believe in the future. Backed by its experience and its capacity to continuously innovate, Saint-Gobain, the world leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2014 sales of €41 billion, Saint-Gobain operates in 66 countries and has over 180,000 employees. For more information about Saint-Gobain, visit www.saint-gobain.com and the twitter account @saintgobain or download the "Saint-Gobain Shareholder" application for tablet and smartphone.

 

 

 

Analyst/Investor relations

 

Press relations

 

Gaetano Terrasini

Vivien Dardel

Florent Nouveau

 

+33 1 47 62 32 52

+33 1 47 62 44 29

+33 1 47 62 30 93

 

 

Sophie Chevallon Susanne Trabitzsch

 

+33 1 47 62 30 48

+33 1 47 62 43 25

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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