Home / Business and Economy / Saint-Gobain Sells Nordic Distribution for €1.5 Billion
Saint-Gobain Sells Nordic Distribution for €1.5 Billion
24 Jun
Summary
- Saint-Gobain agreed to sell its specialist distribution business.
- The sale includes operations in Sweden, Norway, and Denmark.
- The deal is valued at €1.5 billion and closes in early 2027.
Saint-Gobain, a France-based construction group, has reached an agreement to divest its specialized distribution business. The operations in Sweden, Norway, and Denmark, largely identified by the Dahl brand, will be acquired by the Finnish retailer Kesko.
The transaction is valued at €1.5 billion, equivalent to $1.7 billion. This strategic sale is slated for completion in early 2027.
The deal's finalization is contingent upon receiving antitrust clearance and completing necessary employee consultations, ensuring a smooth transition of ownership.
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