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20 Sep 2018 17:10
PRESS RELEASE
September 20th, 2018
TENDER OFFER FOR MINORITIES IN HANKUK GLASS INDUSTRIES
Hankuk Glass Industries (HGI), a South Korean subsidiary of Saint-Gobain listed on the Seoul stock exchange, launched a tender offer to acquire the 23% of its shares owned by minority shareholders. As a result of this successful offer, Saint-Gobain together with HGI now holds 96.8% of the share capital of HGI, with a delisting planned.
HGI holds a leading position in South Korea and in Asia in glass products and insulation for the construction and automotive markets. It achieved consolidated sales of around 270 million euros in 2017.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.
€40.8 billion in sales in 2017
Operates in 67 countries
More than 179,000 employees
www.saint-gobain.com @saintgobain
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