Saint-Gobain divests 67% stake in PAM China to local management consortium

Saint-Gobain signed an agreement to sell 67% of its Pipe business in China, PAM China, to a consortium led by local management. The deal values the company at around €100 million and is expected to close in summer 2021.

“Saint-Gobain announces the signature of an agreement concerning PAM China, pursuant to which the Group is selling 67% of its Pipe business in China to a consortium led by local management.”marketscreener.com

• 1 source
• marketscreener.comSaint Gobain : divests its Pipe business in China | MarketScreenerPublicnowApr 16, 2021

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