Deals
St. Gobain Is Said to Consider €2.5 Billion Auto Glass Sale
- French company is working with advisers on potential deal
- Business could draw interest from private equity firms
Cie. de Saint-Gobain headquarters in the La Defense business district of Paris.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Cie. de Saint-Gobain is exploring a potential sale of its auto glass unit that could fetch as much as €2.5 billion ($2.6 billion), people with knowledge of the matter said.
The French building materials producer is working with advisers as it studies a possible divestment, the people said. It has reached out to potential suitors to gauge their interest in the business, according to the people, who asked not to be identified because the information is private.