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Compagnie de Saint Gobain ( (FR:SGO) ) has provided an announcement.
Saint-Gobain has entered into a definitive agreement to sell its Brazilian retail chain, Tumelero, to the GG10 Group, which owns the G-Haus brand. Tumelero, with 16 stores and a logistic center in Rio Grande do Sul, generated €40 million in revenue in 2024 and employs around 580 people. This sale aligns with Saint-Gobain’s strategy to refine its business portfolio as part of its global strategic plan. The transaction, pending antitrust approval, is expected to conclude by the end of 2025.
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, with a commitment to sustainability and innovation. Celebrating its 360th anniversary in 2025, Saint-Gobain operates in 80 countries with over 161,000 employees and aims to achieve net zero carbon emissions by 2050.
For an in-depth examination of SGO stock, go to TipRanks’ Overview page.