on SAINT-GOBAIN (EPA:SGO)
Saint-Gobain Completes Sale of PAM Building
On November 29, 2024, Saint-Gobain finalized the sale of its subsidiary PAM Building to Aldebaran, along with a minority stake from Bpifrance. PAM Building specializes in manufacturing sanitary and rainwater drainage solutions for buildings. With two production plants located in Bayard, France, and Telford, UK, the subsidiary employs 400 people and reported revenues of approximately €110 million in 2023.
This divestment aligns with Saint-Gobain's strategy to optimize its business profile, as outlined in its "Grow & Impact" plan. The strategy emphasizes improving operations and focusing on sustainable growth initiatives.
R. P.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all SAINT-GOBAIN news