Acquisition

RNS Number : 7898B
Compagnie de Saint-Gobain
06 April 2017
 

PRESS RELEASE

April 6, 2017

 

 

Extension of the validity of the agreement between Saint-Gobain and the Burkard family relating to the sale of the shares of Schenker-Winkler Holding

 

 

Pursuant to the agreement between Saint-Gobain and the Burkard family relating to the sale of the shares of Schenker-Winkler Holding (SWH), which holds the majority of Sika voting rights, Saint-Gobain has exercised its option to extend the validity of the agreement until December 31, 2017. Saint-Gobain will then have the right to extend the agreement up until December 31, 2018.

 

This further extension of the sale agreement once again reflects the alignment between the Burkard family and Saint-Gobain and their unwavering determination. The transaction makes strategic, industrial and financial sense for Saint-Gobain and for Sika, for their employees, for their customers and for all of their shareholders.

 

 

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.

 

€39.1 billion in sales in 2016

Operates in 67 countries

More than 170,000 employees

www.saint-gobain.com
@saintgobain

 

 

 

 

Analyst/Investor relations

 

 

Media relations

Vivien Dardel

Florent Nouveau

Floriana Michalowska

+33 1 47 62 44 29

  +33 1 47 62 30 93

  +33 1 47 62 35 98

Charles Hufnagel

Susanne Trabitzsch

 +33 1 47 62 30 10

   +33 1 47 62 43 25

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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