StockMarketWire.com - Saint-Gobain signed an agreement for the sale of its entire stake in Saint-Gobain Building Distribution Deutschland to the Stark group, in a deal valued at €335m.

The sale comes as the company continued to ramp up its portfolio turnover, with an aim to sell more than €3bn in sales by the end of 2019.

Saint-Gobain Building Distribution Deutschland had generated revenues of €1,924m and an operating income of €21m.

The deal, valued at €335m and subject to approval by the European competition authority, was expected to be completed in the second half of 2019.


At 9:12am: [LON:COD] Compagnie De StGobain share price was +0.26p at 34.18p



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