Building Materials Europe, a building materials store in the Netherlands, agreed to acquire Saint-Gobain Building Distribution the Netherlands from Saint-Gobain, which designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets, for €150m ($183m). The transaction is subject to approval by the European competition authority and to information and consultation of the employee representatives of the relevant Dutch entities. The transaction is intended to be finalized by the end of the year 2021. This divestment is part of Saint-Gobain's continued portfolio optimization strategy to enhance the Group's growth and profitability profile.