June 19, 2019 / 6:53 AM / a month ago

BRIEF-St Gobain to sell Optimera construction materials distribution business in Denmark

June 19 (Reuters) - Saint Gobain SA:

* Saint-Gobain has signed an agreement with Davidsens Tommerhandel to sell its Optimera construction materials distribution business in Denmark

* Optimera Denmark has 17 outlets as well as construction materials warehouses and logistics centers, and had sales of around €120 million in 2018

* Transaction is in line with Saint-Gobain’s portfolio optimization strategy aimed at divesting businesses representing sales of more than €3.0 billion by end-2019. The transaction should be effective during the second half of 2019

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