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Asahi Glass Co., Ltd (J.AHG), which currently holds 99.08% of the share capital of Glaverbel (GLAB.BRU), announced today that it is launching a public squeeze-out bid for the 65,434 shares (i.e. 0.92% of the share capital) it does not already hold.
Asahi Glass Co., Ltd (J.AHG) announced today that it has increased its direct and indirect shareholding in Glaverbel (GLAB.
French glass and construction materials firm Saint-Gobain foresees no sign of any vigorous economic rebound before the end of 2002 and confirmed its outlook for earnings growth of up to 4 percent.
Asahi Glass Co Ltd is confident it will obtain the 95 pct of Glaverbel which would enable it to launch a squeeze out operation to obtain the remaining shares, sources close to Glaverbel and Asahi said.
Central Glass Co. of Japan is tying up with Compagnie de Saint-Gobain of France to strengthen its global business of making glass for Japanese automakers.
Traditionally, when bathing, the Japanese wash and rinse off and only then get into their bath. This is filled with extremely hot water, between 40 and 50°C, which is usually used by all the members of the family.
At its meeting of Thursday, March 28, 2002, the Board of Directors of Saint-Gobain reviewed theGroup's consolidated financial statements for 2001.
Japan's largest glass maker, Asahi Glass Co. Ltd, announced Friday it will launch a $415 million public tender next week for the 35 percent of Belgian glass maker Glaverbel SA it doesn't already own.
Japan's largest glass maker, Asahi Glass Co. Ltd, announced Friday it will launch a $415 million public tender next week for the 35 percent of Belgian glass maker Glaverbel SA it doesn't already own.
Glaverbel SA said it expects a contraction in its net result during 2002 because of the economic slowdown and said it will cut its production capacity.
The Glaverbel Group closed its financial year 2001 with record performances, confirming the correctness of the strategy which the Group has followed for the past 10 years, namely profitable growth through geographical diversification and increased…
Glaverbel SA shares closed slightly firmer in heavy trade, amidst speculation that funds are trying to block Asahi Glass Co Ltd's buyout bid, brokers said.
Auto-glass maker Asahi India Safety Glass has increased its stake to nearly 80 per cent in its subsidiary Float Glass India, through a recent open offer and said it might merge the ailing company with itself.
Shareholders holding about 12% of Belgian glassmaker Glaverbel have banded together to oppose a takeover bid from Asahi Glass for the 35% of Glaverbel not owned by Japan's largest glass company.
Saint-Gobain, the French materials and packaging group has finally begun to reap the rewards of its cost-cutting and refocusing strategy.
As a part of strategy in Asian Region, Saint-Gobain Renforcement recently made an investment in China by forming a Joint Venture company with Xinxing Glass Fiber Plant Division of Hangzhou Glass Group Co.
Consolidated sales rose by 12.1% to EUR 1,458 million in 2001. The increase was 14.6% at constant exchange rates and 6% at comparable scope of consolidation, excluding Telhanorte, Menuiseries Franaises and Lapeyre Polska, as well as Lapeyre…
Saint Gobain Desjonqueres will open a plant in Sparta and create approximately 200 jobs. Saint Gobain Desjonqueres, a worldwide leader in the glass, insulation and building materials industries, will use the Sparta plant to decorate cosmetic and…
Over the last three trading days, the Glaverbel share price has increased to over 145 euro per share, with abnormally high trading volumes.
Merrill Lynch upgraded its recommendation for shares in French glass and packaging group St Gobain SA yesterday from "buy" to "strong buy", setting a new share price target of 215 euros.
The Board of Directors of Glaverbel S.A. met on Tuesday 8 January 2002 to formulate the opinion that it must give to the Banking and Finance Commission, concerning the public tender offer announced on 19 December by Asahi Glass for the Glaverbel S.
Beijing Saint-Gobain Vetrotex Glassfiber Co. Ltd. is the first of Saint-Gobain Vetrotex's plant to be certified ISO 9001.
Glaverbel SA said the Belgian Banking and Finance Commission has extended until Jan 15 the deadline for the Glaverbel board to give its view on Asahi Glass Co Ltd's offer to buy out the shares it does not own in the company.
Asahi Glass Co Ltd president Shinya Ishizu said he expects a "huge" increase in profitability from the reorganisation of its worldwide glass operations including the planned buyout of its Glaverbel SA unit.
Asahi Glass Co., Ltd. ("AGC"; headquartered in Tokyo; president: Mr. Shinya Ishizu) decided to make a public tender offer to purchase all the ordinary shares held by public shareholders in its consolidated subsidiary, Glaverbel S.A. (…