Saint-Gobain sold its Optimera Distribution unit to Davidsens Tommerhandel.

Synopsis

Saint-Gobain, a French multinational manufacturing corporation, sold its Optimera Distribution unit to Davidsens Tommerhandel, which offers timber and construction materials. This transaction is in line with Saint-Gobain's portfolio optimization strategy aimed at divesting businesses representing sales of more than €3bn ($3.3bn) by end-2019.

Principals

target

Saint-gobain (optimera Distribution Business)

bidder

Davidsens Tommerhandel

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Market Context

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Bidder Team (1)

henrik clausen

Director at DAVIDSENS TOMMERHANDEL

Manager

bidder

Deal

n/a

Total Value

Vendor Team (1)

pierre-andre de chalendar

Chairman and CEO at COMPAGNIE DE SAINT-GOBAIN SA

Manager

vendor

Deals

£ 2.93 B

Total Value

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