Saint-Gobain in Talks to Sell French Concrete-Products Distribution Business
July 18 2019 - 12:47PM
Dow Jones News
By Max Bernhard
Compagnie de Saint-Gobain SA (SGO.FR) said Thursday that it has
entered into exclusive talks with Groupe Frans Bonhomme to sell
French concrete-products distribution business Distribution de
Materiaux pour les Travaux Publics.
The potential sale is for an enterprise value of 70 million
euros ($78.5 million). DMTP reported close to EUR250 million in
sales and close to EUR3 million in operating income in 2018,
Saint-Gobain said.
The planned divestment could be completed during the fourth
quarter of 2019 or first quarter of 2020, subject to approval from
antitrust authorities and consultation with workers'
representatives, it said.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
July 18, 2019 12:32 ET (16:32 GMT)
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