Saint-Gobain takes note of Sika's decisions and reiterates its determination

Date: 16 April 2015

Saint-Gobain takes note of the decisions taken today at Sika's Annual General Meeting following the restriction of the voting rights of Schenker-Winkler Holding (SWH), decided by Sika's Management Board in violation of SWH's rights.

In anticipation of these decisions, the Group had extended the term of the contract signed with the Burkard family until June 2016.The resolution regarding the deletion of the opt-out clause, whose validity has been confirmed twice by the TOB (Swiss Takeover Board) in recent weeks, was not adopted.Saint-Gobain reiterates its determination to complete the transaction and has full confidence that the Swiss courts shall allow SWH to regain their rights according to the law.ABOUT SAINT-GOBAINIn 2015, Saint-Gobain is celebrating its 350th anniversary, 350 reasons to believe in the future.Backed by its experience and its capacity to continuously innovate, Saint-Gobain, the world leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2014 sales of €41 billion, Saint-Gobain operates in 64 countries and has over 190,000 employees. For more information about Saint-Gobain, visit www.saint-gobain.com and the twitter account @saintgobain.

600450 Saint-Gobain takes note of Sika's decisions and reiterates its determination glassonweb.com

Others also read

Viprotron North America is excited to welcome Kingston Eck as its new President, bringing extensive industry experience and leadership to drive the company’s continued growth and innovation.
Sparklike is pleased to announce that Trend Trade & Trans Trade Intl Co., Ltd. has been appointed as its new official distributor in South Korea.
The Fenestration and Glazing Industry Alliance (FGIA) has named three new Honorary Members of the Association.
Guardian Glass has published new Environmental Product Declarations (EPDs) for its portfolio of processed and unprocessed flat glass produced in Thailand.
GPD 2025 is just around the corner, and tickets are officially on sale!
Precision Glass Industries (PGI) is proud to announce the opening of its second location, a cutting-edge 135,000-square-foot fabrication campus in Conroe, Texas.

Add new comment

From industry

NEWS RELATED PRODUCTS