Saint-Gobain Group

Acquisition of FOSROC for $1.025bn

  • Sectors : Building products
  • Companies : Saint-Gobain Group

Ratings and price correct at time of issue.

  • Saint-Gobain Group

    Closing Price: 7342c

  • RATING 29/01/21

  • PREVIOUS RATING 02/11/20

    NEUTRAL

DAVY VIEW

Following the announcements of CSR (€1.9bn) and Bailey (€600m) in February and April of this year, Saint-Gobain continues to deploy capital at a solid pace and with strategic consistency. The acquisition of FOSROC adds scale, geographic diversity and more growth potential for Saint-Gobain’s construction chemicals business.

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Jun 27 2024, 08:50 IST/BST

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