StockMarketWire.com - Compagnie de Saint-Gobain has signed an agreement to sell its businesses in the Czech Republic and Hungary to In Group, a local building distribution player.

These businesses reported sales of €138 million in 2014. Following the 2013-2014 sale of its tiling operations in Slovakia, Poland and the Czech Republic along with the sale of Raab Karcher in Poland, the Building Distribution sector has completed the optimisation of its portfolio in Eastern Europe. Saint-Gobain says this transaction, which should be completed in the coming months, is fully in line with its strategy of optimising its portfolio by divesting non-core assets and focusing on bolstering its leading positions in Europe and Brazil.


At 9:33am: [LON:COD] Compagnie De Stgobain share price was +0.7p at 37.99p



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