September 30, 2019 / 6:21 AM / 17 days ago

French group St Gobain seals disposal target with South Korea asset sale

PARIS, Sept 30 (Reuters) - French construction materials group St Gobain said it had achieved its asset-sales target with the disposal of its construction glass business in South Korea.

St Gobain said on Monday that it would sell the South Korean business to Glenwood Private Equity, in a deal based on an enterprise value of around 240 million euros ($262.4 million).

St Gobain added that the South Korean deal meant the company had already reached its 2019 target for asset sales, with more than 3 billion euros in sales already completed. ($1 = 0.9145 euros) (Reporting by Sudip Kar-Gupta; Editing by Himani Sarkar)

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