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Disposal

11 Apr 2014 16:54

RNS Number : 6962E
Compagnie de Saint-Gobain
11 April 2014
 



 

 

 

 

 

April 11, 2014

 

 

 

 

Completion of the Verallia North America sale

 

 

 

Pursuant to the agreement signed on January 13, 2013, Saint-Gobain today sold its entire stake in Verallia North America to the Ardagh group based on an enterprise value of US$ 1,694 million (€1,275 million*). The transaction will reduce the Group's net debt by an estimated €925 million and follows the agreement reached with the US anti-trust authorities.

 

This sale is consistent with Saint-Gobain's strategy of focusing on high-growth, high value-added markets in habitat and industry. The proceeds from the sale will primarily allow Saint-Gobain to strengthen its balance sheet, but also to continue with its selective acquisitions policy targeting small and mid-scale companies in high-growth countries and in North America, High-Performance Materials and core positions in Building Distribution.

 

* based on January 2013 exchange rate estimates

 

 

About Saint-Gobain

Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes building materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2013 sales of €42.0 billion, Saint-Gobain operates in 64 countries and has nearly 190,000 employees. For more information about Saint-Gobain, please visit www.saint-gobain.com.

 

 

Analyst/Investor Relations

 

 

Press relations

 

 

Gaetano Terrasini

Vivien Dardel

Alexandra Baubigeat

 

+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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