PARIS, April 11, 2014 /PRNewswire/ --
Pursuant to the agreement signed on January 13, 2013, Saint-Gobain today sold its
entire stake in Verallia North America to the Ardagh group based on
an enterprise value of US$ 1,694 million (€1,275
million*). The transaction will reduce the Group's net debt by an
estimated €925 million and follows the agreement reached with
the US anti-trust authorities.
This sale is consistent with Saint-Gobain's strategy of focusing
on high-growth, high value-added markets in habitat and industry.
The proceeds from the sale will primarily allow Saint-Gobain to
strengthen its balance sheet, but also to continue with its
selective acquisitions policy targeting small and mid-scale
companies in high-growth countries and in North America, High-Performance Materials and
core positions in Building Distribution.
* based on January 2013 exchange
rate estimates
About Saint-Gobain
Saint-Gobain, the world leader in the habitat and
construction markets, designs, manufactures and distributes
building materials, providing innovative solutions to the
challenges of growth, energy efficiency and environmental
protection. With 2013 sales of €42.0 billion, Saint-Gobain operates
in 64 countries and has nearly 190,000 employees. For more
information about Saint-Gobain, please
visit http://www.saint-gobain.com.
Analyst/Investor Relations
Gaetano Terrasini, +33-1-47-62-32-52
Vivien Dardel,
+33-1-47-62-44-29
Alexandra Baubigeat, +33-1-47-62-30-93
Press Relations
Sophie Chevallon, +33-1-47-62-30-48
Susanne Trabitzsch, +33-1-47-62-43-25
SOURCE Saint-Gobain