# 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.

- Type: Acquisition
- Announced: 2021-04-16
- Where: Ma'anshan, China
- Value: $119.0M (100.0M EUR)
- Status: announced
- Products: pipe products
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Saint-Gobain](https://endata.com/companies/1801.md)
- [PAM China](https://endata.com/companies/54514.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SAINT-GOBAIN-4697/news/Saint-Gobain-divests-its-Pipe-business-in-China-32984001/), 2021-04-16: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.