Stark

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.

U.S. buyout firm Lone Star has emerged as the frontrunner to buy the German building materials business of Saint-Gobain, known as Raab Karcher, in a deal valued at up to €400 million. Lone Star is using its Nordic building materials supplier Stark as an acquisition vehicle.