Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSaint Gobain Or Regulatory News (COD)

  • There is currently no data for COD

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
 
END
 
 
DISKMGMDKMMGDZM
Date   Source Headline
5th Sep 20088:03 amRNSIssue of Debt
24th Jul 20086:06 pmRNSInterim Results
15th Jul 200810:07 amRNSOffer Update
4th Jul 20089:08 amRNSDirectorate Change
3rd Jul 20081:29 pmRNSCancellation and De-listing
1st Jul 20087:00 amRNSOffer Update
23rd Jun 20085:19 pmRNSNew plant in India
20th Jun 20087:13 amRNSOffer Update
10th Jun 20087:00 amRNSOffer Update
6th Jun 20088:05 amRNSAcquisition
6th Jun 20088:04 amRNSAGM Statement
29th May 20084:18 pmRNSNotice of EGM
29th May 200810:16 amRNSProduct Launch
20th May 20088:01 amRNSOffer Document Posted
7th May 20084:59 pmRNSOffer for Gibbs & Dandy PLC
22nd Apr 20085:12 pmRNS1st Quarter Results
25th Mar 20087:00 amRNSRe Agreement
25th Mar 20087:00 amRNSAcquisition
25th Mar 20087:00 amRNSFinal Results
17th Mar 20087:00 amRNSAcquisition
25th Jan 20084:22 pmRNSAnnual Report and Accounts
21st Dec 20078:51 amRNSAcquisition
26th Nov 20075:12 pmRNSRe Joint Venture
8th Nov 20075:10 pmRNSAcquisition
2nd Nov 20078:49 amRNSDisposal
24th Oct 20077:00 amRNS3rd Quarter Results
7th Aug 20077:46 amRNSAcquisition
27th Jul 20075:20 pmRNSDisposal
27th Jul 20077:00 amRNSInterim Results
18th Jul 20077:30 amRNSAcquisition
17th Jul 200712:53 pmRNSDisposal
26th Apr 20075:20 pmRNS1st Quarter Results
23rd Apr 20078:23 amRNSRe Joint Venture
11th Apr 20076:01 pmRNSAcquisition
28th Mar 20078:40 amRNSIssue of Debt
23rd Mar 20076:00 pmRNSFinal Results
21st Feb 20077:46 amRNSRe Joint Venture
19th Feb 20075:43 pmRNSNew Plant
13th Feb 20078:00 amRNSAcquisition
26th Jan 20073:53 pmRNSInterim Results
21st Dec 20065:12 pmRNSAdditional Listing
3rd Nov 20068:53 amRNSIssue of Debt
24th Oct 20065:17 pmRNS3rd Quarter Results
6th Sep 20068:08 amRNSAcquisition
6th Sep 20068:05 amRNSAcquisition
28th Jul 200612:10 pmRNSInterim Results
28th Jul 200612:04 pmRNSRe Alliance
25th May 200612:28 pmRNSStabilisation Notice
25th May 200612:26 pmRNSStabilisation Notice
24th May 20063:24 pmRNSPublication of Prospectus

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.