StockMarketWire.com - French multinational Saint-Gobain said it had sold part of its glass transformation business Glassolutions in Germany to DIK Deutsche Industriekapital, a Berlin-based investment firm.

The sale included seven sites of the business across Germany, including Bremen, Flensburg, Freiburg, Kiel, Murr, Potsdam and Rostock, all of which had generated combined sales of €45m in 2019.

'This disposal is part of Saint-Gobain's continued portfolio optimization strategy in the context of its new organization to enhance the group's growth and profitability profile,' the company said.


At 9:57am: [LON:COD] Compagnie De StGobain share price was +0.66p at 29.58p



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