Saint-Gobain to Sell Part of U.K. Subsidiary to CoBe Capital
31 Juillet 2018 - 6:53PM
Dow Jones News
By Alberto Delclaux
France's Compagnie de Saint-Gobain SA (SGO.FR) said Tuesday that
it has agreed to sell part of its U.K.-based subsidiary,
Glassolutions, to CoBe Capital as part of its strategic
overhaul.
The unit generates annual revenue of about 70 million pounds
($91.9 million) and employs about 440 employees, Saint-Gobain said.
The French multinational didn't disclose the financial details of
the deal with the private-equity firm.
The transfer will be effective on Wednesday, the company
said.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
July 31, 2018 12:38 ET (16:38 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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