Saint-Gobain to keep options open for rest of Verallia: CEO
PARIS (Reuters) - Saint-Gobain (SGOB.PA) is in no hurry to sell or spin off those activities of glass packaging unit Verallia which it is not selling to Ireland's Ardagh Group ARDGR.UL, its chief executive said on Monday.
Pierre-Andre de Chalendar told reporters that all options, including an initial public offering, remain open for Verallia's business outside North America, but these will depend on market conditions.
Chalendar said that Saint-Gobain expects to complete the $1.7 billion disposal of Verallia North America within six to nine months.
(Reporting by Elena Berton; Editing by Christian Plumb)
NEW YORK - The Dow and the S&P 500 finished lower for the fourth consecutive session on Wednesday after investors found few reasons to make big moves, with uncertainty remaining over when the Federal Reserve will start to slow its stimulus. | Video
- U.S. small businesses boosted borrowing in October to its highest level in over six years, an index showed on Tuesday, fresh evidence that the budget battle that shut the federal government for 16 days did little to derail underlying economic growth.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.