Freshfields advises Saint-Gobain on the sale of its distribution activity in Germany
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising Saint-Gobain on the sale of its stake in Saint-Gobain Building Distribution Deutschland (‘SGBDD’) to Stark Group A/S, a leading Nordic building materials retailer and distributor based in Denmark.
The closing of the transaction is subject to the antitrust approval by the European Commission, expected during the second half of 2019.
SGBDD, which includes well-known German brands such as Raab Karcher, Keramundo and Fliesen Discount, operates a network of 220 branches in Germany with approximately 5,000 employees and generated revenues of nearly €2bn in 2018.
A joint team from Freshfields’ Paris and German offices is advising on the transaction, led by partners Olivier Rogivue and Ludwig Leyendecker and comprising Raphaël Darmon, Jessica Michel, Nina Heym, Cecilia Vial-Fourcade and Anastasios Moraitis (Global Transactions) Frank Röhling and Jonas Von Kalben (Antitrust), David Beutel, Vincent Daniel-Mayeur, Martin Rehberg and Jordan Serfati (Tax), Christel Cacioppo, Ulrich Sittard and Luca Rawe (Employment Law), Tobias Timmann and Nina Bayerl (Intellectual Property).
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