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Compagnie de Saint Gobain ( (FR:SGO) ) has issued an update.
Saint-Gobain has completed the divestment of two distribution businesses, SFIC Belgium and Tumelero in Brazil, as part of its ‘Lead & Grow’ strategy to strengthen its business profile. SFIC Belgium, a construction materials distributor, and Tumelero, a retail chain in Brazil, together generated annual sales of around €115 million. These moves are expected to refine Saint-Gobain’s market focus and enhance its strategic positioning.
More about Compagnie de Saint Gobain
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions focus on renovation, light construction, and decarbonization, with a commitment to sustainability and performance. The company, with over 161,000 employees and operations in 80 countries, aims for net zero carbon emissions by 2050.
Learn more about SGO stock on TipRanks’ Stock Analysis page.