News
Acquisition · Building Materials · Divestment · Nordic Trade
Saint-Gobain sold its Dahl specialist distribution business in Denmark, Sweden, and Norway to Finnish retailer Kesko for €1.52 billion ($1.76 billion) including debt, a deal expected to finalize by early 2027, causing Saint-Gobain shares to rise and Kesko shares to slump.
Saint-Gobain's shares rose 5.8% in early European trading, while Kesko's shares slumped 9.1%. Kesko's President and CEO, Jorma Rauhala, stated this acquisition is its largest to date and will make its building and technical trade arm its largest, adding plumbing, sanitary, and heating customers in the Nordic region.
Building-materials supplier Saint-Gobain views this divestment as part of its broader portfolio improvement strategy. The deal includes debt and is expected to close by early 2027, as reported by Dow Jones.
