Saint-Gobain sells German distribution unit to Stark group

Saint-Gobain signed an agreement to sell its entire stake in Saint-Gobain Building Distribution Deutschland (SGBDD) to the Stark group for an enterprise value of €335 million. The deal is subject to regulatory approval and expected to close in H2 2019.

“The deal is an important milestone in the acceleration of Saint-Gobain’s portfolio turnover, the aim being to sell more than €3 billion in sales by the end of 2019.”news.europawire.eu

• 3 sources
• news.europawire.euSaint-Gobain sells Saint-Gobain Building Distribution Deutschland (SGBDD) to the Stark group | EuropaWireEuropaWire PR EditorsMay 21, 2019
• lesprom.comStark Group acquires Saint Gobain Building Distribution Deutschland GmbHMay 21, 2019
• innov8chem.comInnov8 Updates – Page 4Press ReleaseJun 6, 2019

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