Compagnie de Saint-Gobain S.A. (ENXTPA:SGO) enters into exclusive negotiations in preparation for disposal of its distribution activities in Netherlands. The company has entered into exclusive negotiations with BME (Building Materials Europe B.V.) in preparation for sale of Saint-Gobain building distribution Netherlands (SGBD NL). The transaction is intended to be finalized by end of year 2021.

The transaction will be based on an enterprise value of €150 million. The divestment is part of Saint-Gobain's continued portfolio optimization strategy.