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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Saint-Gobain    SGO   FR0000125007

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France Clears Saint-Gobain's Take Over Of Brossette With Conditions

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03/26/2012 | 12:53pm CEST

France's anti-trust authority said Monday it authorizes Point P, a unit of French construction materials group Compagnie de Saint Gobain SA (>> SAINT GOBAIN), to take control of Brossette, a unit of U.K. group Wolseley (>> Wolseley plc), subject to the sale of 22 stores.

In a statement, the anti-trust body, Autorite de la concurrence, said that both Brossette and Point P are active in the sector of wholesale cleaning, heating and air-conditioning products.

It added, the takeover would have resulted in the new structure having a large market share or even a monopoly, notably in the west of France and the west of the Paris region. Point P has therefore agreed to sell 22 stores, 20 belonging to Brossette and two belonging to Point P.

-By Nadya Masidlover, Dow Jones Newswires; +33 1 4017 1740; nadya.masidlover@dowjones.com

Stocks mentioned in the article : SAINT GOBAIN, Wolseley plc
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Financials (€)
Sales 2017 40 824 M
EBIT 2017 3 131 M
Net income 2017 1 569 M
Debt 2017 4 819 M
Yield 2017 2,77%
P/E ratio 2017 16,56
P/E ratio 2018 14,28
EV / Sales 2017 0,76x
EV / Sales 2018 0,72x
Capitalization 26 124 M
Chart SAINT-GOBAIN
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Saint-Gobain Technical Analysis Chart | SGO | FR0000125007 | 4-Traders
Technical analysis trends SAINT-GOBAIN
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 52,4 €
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Pierre-André de Chalendar Chairman & Chief Executive Officer
Claude Imauven Chief Operating Officer
Guillaume Jean Philippe Texier Chief Financial Officer
Didier Roux Vice President-Research, Development & Innovation
Denis Ranque Independent Director
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