The transaction will reduce the Group’s net debt by an estimated €925 million and follows the agreement reached with the US anti-trust authorities.
This sale is consistent with Saint-Gobain’s strategy of focusing on high-growth, high value-added markets in habitat and industry. The proceeds from the sale will primarily allow Saint-Gobain to strengthen its balance sheet, but also to continue with its selective acquisitions policy targeting small and mid-scale companies in high-growth countries and in North America, High-Performance Materials and core positions in Building Distribution.
* based on January 2013 exchange rate estimates
Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes building materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2013 sales of €42.0 billion, Saint-Gobain operates in 64 countries and has nearly 190,000 employees. For more information about Saint-Gobain, please visit www.saint-gobain.com.