Compagnie de Saint-Gobain Disposal (4753M)
January 08 2019 - 2:12AM
UK Regulatory
TIDMCOD
RNS Number : 4753M
Compagnie de Saint-Gobain
08 January 2019
PRESS RELEASE
January 8, 2019
SAINT-GOBAIN Enters into Exclusive Discussions
for the sale of its Silicon Carbide Division
Saint-Gobain moved another step forward in the acceleration of
its portfolio management, reaching an exclusive agreement with
private equity firm OpenGate Capital after having received a
purchase offer to acquire the Group's silicon carbide division.
This firm and binding offer is not subject to any financing
conditions.
Saint-Gobain is a worldwide leader in silicon carbide grains and
powders with annual sales of around EUR120 million.
The transaction envisaged will be finalized after the usual
information and consultation procedures with the relevant employee
representative bodies of Saint-Gobain. It is subject to the
approval of the competition authorities and should be effective in
the first half of 2019.
This transaction is part of Saint-Gobain's announced objective
to divest businesses representing sales of at least EUR3 billion by
the end of 2019.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and
solutions which are key ingredients in the wellbeing of each of us
and the future of all. They can be found everywhere in our living
places and our daily life: in buildings, transportation,
infrastructure and in many industrial applications. They provide
comfort, performance and safety while addressing the challenges of
sustainable construction, resource efficiency and climate
change.
EUR40.8 billion in sales in 2017
Operates in 67 countries
More than 179,000 employees
www.saint-gobain.com
@saintgobain
Analyst/Investor relations Media relations
+33 1 47 62
44 29
+33 1 47 62 +33 1 47 62 30
Vivien Dardel 35 98 10
Floriana Michalowska +33 1 47 62 Laurence Pernot +33 1 47 62
Christelle Gannage 30 93 Susanne Trabitzsch 43 25
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END
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