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Compagnie de Saint Gobain ( (FR:SGO) ) has issued an announcement.
Saint-Gobain has entered exclusive negotiations with Ponsardin Industries to sell SFIC Belgium, a construction materials distribution business specializing in plasterboard, insulation, and ceilings. This move, part of Saint-Gobain’s portfolio optimization strategy, involves SFIC’s 10-branch network in Belgium, with expected 2025 sales of €75 million. The transaction is anticipated to conclude by the end of 2025, pending employee consultations, and reflects Saint-Gobain’s strategic focus on optimizing its business portfolio.
More about Compagnie de Saint Gobain
Saint-Gobain is a global leader in light and sustainable construction, designing, manufacturing, and distributing materials and services for construction and industrial markets. The company focuses on integrated solutions for building renovation, light construction, and decarbonization, emphasizing sustainability and performance. With over 161,000 employees and operations in 80 countries, Saint-Gobain reported €46.6 billion in sales in 2024 and aims for net zero carbon emissions by 2050.
See more insights into SGO stock on TipRanks’ Stock Analysis page.