Compagnie de Saint Gobain SA (SGOB.PA)
Latest Key Developments (Source: Significant Developments)
Saint gobain says confirms objectives for full year 2016 : Saint gobain says h1 organic sales grew 2.9 percent . Saint gobain says h1 ebitda 1.957 billion euros, up 3.8% .Saint gobain says " while the june 23 brexit vote in the uk has created a climate of uncertainty, it does not affect our objectives.” Saint Gobain Says Expects A Like-For-Like improvement in operating income in the second half versus second-half 2015.. Full Article
:Saint-Gobain Performance Plastics says has acquired the assets of Mipnet Industries. Full Article
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 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 SA:Saint Gobain and Corning Incorporated announce creation of new Joint Venture.JV is to produce lightweight glazing for the automotive market. Full Article
ZURICH, Dec 1 The largest shareholder in Swiss specialty chemical maker Sika raised the possibility on Friday that a takeover agreement with France's Saint-Gobain could be extended as a legal dispute over the 2014 deal drags on.