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Key Developments: Compagnie de Saint Gobain SA (SGOB.PA)

SGOB.PA on Paris Stock Exchange

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1 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Saint-Gobain Performance Plastics says has acquired the assets of Mipnet Industries
Monday, 30 May 2016 11:57am EDT 

:Saint-Gobain Performance Plastics says has acquired the assets of Mipnet Industries.  Full Article

Wendel sells 5.3 pct stake in Compagnie de Saint-Gobain, issues 500 million euro bond
Wednesday, 4 May 2016 02:00am EDT 

Wendel SA:Announces the completion of the sale of 5.3 pct stake in Compagnie de Saint-Gobain and the successful issue of an exchangeable bond of about 500 million euros.Simultaneous issue of a ca. 500 million euro zero coupon bond exchangeable into saint-gobain shares at a 35 pct premium above sale price.Completed sale of 30 million Saint-Gobain shares, amounting to approximately 1.2 billion euros.Bond maturity is 3.2 years and exchange premium is 35 pct above placement's sale price, which corresponds to an exchange price of 51.98 euros per Saint-Gobain share.Bonds will be issued at par on May 12, 2016 and redeemed at par on July 31, 2019.Issue, more than twice oversubscribed, was very well received by investors.Bonds were placed with an international investor base, mainly French.  Full Article

Compagnie de Saint Gobain acquires insulation products manufacturer Buitex
Monday, 2 May 2016 12:15pm EDT 

Compagnie de Saint Gobain SA:Says has acquired Buitex, a company specializing in the manufacture of wood fiber insulation products.Says this acquisition is consistent with the group's strategy of developing on fast-growing niche markets with innovative habitat solutions.  Full Article

Compagnie de saint-Gobain, Corning Inc announce JV deal
Tuesday, 19 Jan 2016 02:47am EST 

Compagnie de Saint Gobain SA:Saint Gobain and Corning Incorporated​ announce creation of new Joint Venture.JV is to produce lightweight glazing for the automotive market.  Full Article

Compagnie de Saint Gobain to increase its flat glass production capacity in India‍​
Wednesday, 13 Jan 2016 01:06am EST 

Compagnie de Saint Gobain SA:To increase its flat glass production capacity in India‍​.To invest around 135 million euros ($146.18 million) over the next two years to develop production capacity at its glass facility near Chennai.Third flat glass production facility (the company's fifth float in India) and second coater for construction market will be built on this site.  Full Article

Compagnie de Saint Gobain acquires SG Plasticos‍​ in Brazil
Monday, 4 Jan 2016 11:40am EST 

Compagnie de Saint Gobain SA:Has acquired Brazilian company SG Plasticos in the state of Sao Paulo.  Full Article

Compagnie de Saint Gobain strengthens its Gypsum Activity in Morocco
Tuesday, 22 Dec 2015 07:00pm EST 

Compagnie de Saint Gobain SA:Announces formation of a joint venture between Moongypse and Lafarge Platre Maroc.  Full Article

Wendel says Compagnie de Saint-Gobain confirms its action plan priorities for full-year
Thursday, 3 Dec 2015 01:30am EST 

Wendel SA:Compagnie de Saint-Gobain confirms its action plan priorities for full-year.Saint-Gobain rolls out cost cutting plan in order to unlock additional cost savings of 170 million euros in H2 2015 versus H2 2014.Saint-Gobain plan represents total cost savings of 360 million euros in 2015 compared to 2014.Saint-Gobain to pursue a capital expenditure program reduced to around 1,400 million euros.Saint-Gobain pursues its plan to acquire a controlling interest in Sika pending decision in first instance of zug court expected during H1 2016.  Full Article

Compagnie de Saint Gobain appoints Guillaume Texier new CFO
Monday, 23 Nov 2015 08:02am EST 

Compagnie de Saint Gobain SA:Says as of Jan. 1st, 2016, new appointments will be effective.Guillaume Texier, President of the Ceramic Materials Activity, is appointed chief financial officer.Claude Imauven, Senior Vice-President in charge of Construction Products Sector is appointed chief operating.  Full Article

Compagnie de Saint Gobain sells building distribution businesses in Czech Republic and Hungary
Friday, 30 Oct 2015 04:00am EDT 

Compagnie de Saint Gobain SA:Sale of building distribution businesses in the Czech Republic and Hungary.Says these businesses reported sales of 138 million euros in 2014.Says transaction should be completed in the coming months.  Full Article

BRIEF-Viel et Cie Q1 revenue down at 209.2 mln euros

* Reports Q1 revenue of 209.2 million euros ($238.6 million) versus 222.0 million euros a year ago Source text for Eikon: Further company coverage: ($1 = 0.8767 euros) (Gdynia Newsroom)