Compagnie de Saint Gobain (FR:SGO) has released an update.
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Saint-Gobain is in exclusive talks to sell its subsidiary PAM Building, which specializes in sanitary and rainwater solutions, to investment fund Aldebaran and Bpifrance. The divestment will enable Saint-Gobain to concentrate on its primary business of comprehensive water transport networks. The transaction is expected to close by the end of 2024 and aligns with the company’s strategy for optimizing its business profile under the ‘Grow & Impact’ plan.
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