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15 Apr 2015 07:00
Paris, April 14, 2015
Saint-Gobain takes note of Sika's decisions and reiterates its determination
Saint-Gobain takes note of the decisions taken today at Sika's Annual General Meeting following the restriction of the voting rights of Schenker-Winkler Holding (SWH), decided by Sika's Management Board in violation of SWH's rights.
In anticipation of these decisions, the Group had extended the term of the contract signed with the Burkard family until June 2016.
The resolution regarding the deletion of the opt-out clause, whose validity has been confirmed twice by the TOB (Swiss Takeover Board) in recent weeks, was not adopted.
Saint-Gobain reiterates its determination to complete the transaction and has full confidence that the Swiss courts shall allow SWH to regain their rights according to the law
ABOUT SAINT-GOBAIN
In 2015, Saint-Gobain is celebrating its 350th anniversary, 350 reasons to believe in the future. Backed by its experience and its capacity to continuously innovate, Saint-Gobain, the world leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2014 sales of €41 billion, Saint-Gobain operates in 64 countries and has over 190,000 employees. For more information about Saint-Gobain, visit www.saint-gobain.comand the twitter account @saintgobain.
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