29 Oct 2015 16:58

Ā
Ā
October 29, 2015
Ā
Verallia sale finalized
Ā
Ā
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 ā¬2,945 million and reduces Saint-Gobain's net debt by an estimated ā¬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.
Ā
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.
Ā
Ā
Ā
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 ā¬41 billion, Saint-Gobain operates in 66 countries and has over 180,000 employees. For more information about Saint-Gobain, visit www.saint-gobain.comĀ and the twitter account @saintgobain or download the "Saint-Gobain Shareholder" application for tablet and smartphone.
Ā
Ā
Ā Analyst/Investor relations | Ā Press relations | ||
Ā Gaetano Terrasini Vivien Dardel Florent Nouveau | Ā +33 1 47 62 32 52 +33 1 47 62 44 29 +33 1 47 62 30 93 Ā | Ā Sophie Chevallon Susanne Trabitzsch | Ā +33 1 47 62 30 48 +33 1 47 62 43 25 |
Ā
Follow the stocks