Pilkington sees steady Nippon Sheet stake

Date: 29 October 2001
Source: Yahoo

Date: 29 October 2001

British glassmaker Pilkington Plc's chief executive Paolo Scaroni said that he did not think Japanese glassmaker Nippon Sheet Glass Co Ltd would raise its stake in the company.

Scaroni also told reporters in a telephone news conference he was keeping open the option for Nippon Sheet Glass, which has a 20 percent stake in Pilkington, to join the board.Earlier, Pilkington reported a 13 percent rise in first-half profits that beat market forecasts, but said it expected more challenging trading conditions in the second half. British glassmaker Pilkington Plc's chief executive Paolo Scaroni said that he did not think Japanese glassmaker Nippon Sheet Glass Co Ltd would raise its stake in the company.

Scaroni also told reporters in a telephone news conference he was keeping open the option for Nippon Sheet Glass, which has a 20 percent stake in Pilkington, to join the board.

Earlier, Pilkington reported a 13 percent rise in first-half profits that beat market forecasts, but said it expected more challenging trading conditions in the second half.




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