Saint-Gobain transfers its shares in Flovetro SpA

Date: 3 April 2012

Saint-Gobain and the NSG Corporation signed an agreement on March 29 concerning the acquisition by NSG of Saint-Gobain’s total stake in Flovetro SpA.

This company, which operates one flat glass manufacturing float line in San Salvo (Italy), has been jointly held 50-50 by the two groups since 1976. The transfer of shares, which is subject to no suspensive conditions, will be made on April 2, 2012. Flovetro SpA will then become a wholly-owned business of NSG.



This transfer follows the upgrading by Saint-Gobain of its Pisa facility in 2011.



Analyst / Investor Relations



Florence Triou-Teixeira    +33 1 47 62 45 19

Vivien Dardel                  +33 1 47 62 44 29

Alexandra Baubigeat      +33 1 47 62 30 93



Press Contact



Sophie Chevallon             +33 1 47 62 30 48

Susanne Trabitzsch          +33 1 47 62 43 25

600450 Saint-Gobain transfers its shares in Flovetro SpA glassonweb.com

See more news about:

Others also read

Saint-Gobain has announced its first half 2024 results, showcasing a new record operating margin of 11.7%. The company has achieved significant milestones in its strategic repositioning, including three strategic acquisitions that add approximately €2bn to annual sales.
NSG Group is pleased to announce that Pilkington United Kingdom Limited, part of NSG Group, intends to use green hydrogen at its site and scale its production of low carbon glass from 2027, under pioneering new plans with Grenian Hydrogen.
Saint-Gobain in Poland and NorDan Group join forces to lead the market towards the sustainable window.
Saint-Gobain has completed its acquisition of CSR Limited, strengthening its presence in the Australian construction market.
Saint-Gobain Glass is clear-cut on how to protect the planet: recycle waste glass to produce new, high-performance glazing solutions.
Saint-Gobain has signed a 5-year renewable electricity supply agreement (Power Purchase Agreement or PPA) in Romania with OMV PETROM SA.

Add new comment

From industry