Posted on July 3, 2023 at 8:39 am
PARIS (Agefi-Dow Jones) – Building materials producer Saint-Gobain announced Monday that it has signed an agreement to sell its glass processing business in Portugal, Covipor, to PNI Portugal & Permanente SA. The financial terms of the deal were not disclosed.
“The completion of the transaction is subject to a license from the Portuguese Competition Authority and is expected to take place during the third quarter of 2023,” Saint-Gobain said in a press release.
“Covipor generated sales of around €20 million in 2022 and employs around 100 employees at its two sites in the Porto area,” the group said.
-Alice Doré, AGVI-Dow Jones; +33 (0)1 41 27 47 90; [email protected] Ed: LBO
Agefi-Dow Jones Financial News Agency
Dow Jones Newswire
July 3, 2023, 02:39 ET (06:39 GMT)
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