- Saint-Gobain has reinforced its presence in the mortars in Argentina with the acquisition of Megaflex.

Megaflex is the leader in waterproofing applications in Argentina, mainly acting in bitumen felts and paints, with total sales of ARS568m in 2016.

Saint-Gobain said the acquisition was in line with the group's strategy of expanding its presence in emerging countries and complemented the mortars business portfolio in Argentina, where Weber was already the market leader.

At 8:05am: [LON:COD] Compagnie De StGobain share price was -0.66p at 49.08p

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