StockMarketWire.com - Saint-Gobain signed an agreement with Davidsens Tommerhandel to sell its Optimera construction materials distribution business in Denmark.

Optimera Denmark, with sales of around €120 million in 2018, had 17 outlets as well as construction materials warehouses and logistics centers, the company said.

This transaction was in line with Saint-Gobain's portfolio optimization strategy aimed at selling businesses representing sales of more than €3.0bm by end-2019.

The transaction was expected to be completed in the second half of 2019.




At 8:19am: [LON:COD] Compagnie De StGobain share price was +0.12p at 34.36p



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